Manaksia Coated Metals to Establish 7 MWp Solar Plant in Gujarat
Filing Summary
Manaksia Coated Metals & Industries Ltd has announced the establishment of a 7 MWp solar power plant in Gujarat, in collaboration with Prozeal Green Energy Ltd. The project, set to be commissioned in Q1 FY27, aims to offset 50-55% of grid power dependency and reduce power costs by up to 50%. The initiative will utilize Mono Bifacial N-Type TOPCon Modules and a Single Axis Tracker System. This development aligns with the company’s strategy for energy self-reliance and operational sustainability, contributing to a reduced carbon footprint and enhanced ESG profile.
Manaksia Coated Metals & Industries Ltd has announced the development of a 7 MWp solar power plant in Gujarat. This initiative is part of the company’s strategy to enhance sustainable growth and operational efficiency. The project will be executed under the Open Access mechanism, following an agreement with Prozeal Green Energy Ltd, a prominent renewable energy EPC and IPP company in India. The solar power plant is designed to supply clean electricity for captive consumption, contributing to the company’s energy self-reliance and sustainability goals.
The solar power project aims to offset 50-55% of grid power dependency and reduce power costs by up to 50%. The project will utilize advanced Mono Bifacial N-Type TOPCon Modules and a Single Axis Tracker System to maximize solar power generation. The initiative is expected to generate approximately 13.30 million units of renewable electricity annually and offset around 9,000 tons of COâ‚‚ emissions each year. This is equivalent to planting more than 400,000 trees, enhancing the company’s environmental, social, and governance (ESG) profile.
The project is scheduled for commissioning in Q1 FY27. The implementation will involve the deployment of advanced solar technologies to ensure consistent power generation and long-term value from the investment. The use of a Single Axis Tracker System will allow the solar modules to align with the sun’s position, optimizing energy output throughout the day.
Manaksia Coated Metals & Industries Ltd has partnered with Prozeal Green Energy Ltd for this project. Prozeal Green Energy Ltd will be responsible for the engineering, procurement, and construction (EPC) of the solar power plant. The collaboration is expected to ensure high standards of project execution and align with Manaksia’s vision of sustainable industrial operations.
The establishment of the solar power plant is a strategic move for Manaksia Coated Metals & Industries Ltd, aligning with its broader focus on sustainable manufacturing and energy efficiency. The project supports the Government of India’s renewable energy vision and contributes to the nation’s Net Zero 2070 commitment. By reducing dependency on conventional power sources and cutting carbon emissions, the company aims to enhance long-term cost efficiency and operational sustainability.
Prozeal Green Energy Ltd is a leading Indian renewable energy EPC and IPP company with a strong presence in India, Nepal, and Europe. With over 1GW+ of executed solar and hybrid projects, Prozeal delivers end-to-end renewable energy solutions across utility-scale, rooftop, and open access solar projects, driving the transition to sustainable energy infrastructure.
Manaksia Coated Metals & Industries Ltd specializes in manufacturing and exporting coated steel products, including Pre-painted Galvanised Steel and Plain Galvanised Steel in coil and sheet forms. The company operates a manufacturing facility in Kutch, Gujarat, strategically located near Kandla and Mundra Ports, enhancing efficiency for exports and imports. Manaksia is committed to adopting cleaner technologies and integrating renewable energy solutions across its operations to drive efficiency, innovation, and sustainable growth.