Kaka Industries Ltd to install roof top solar power plant

KAKA Industries Limited, a leading manufacturer and supplier of the PVC based products, has announced its commitment to environmental responsibility with the installation of a state-of-the-art 1300 KW solar power plant at its new factory, spanning an impressive 7,00,000 square feet. (Constructed Area: 3,60,000 Sq Ft)

The solar power plant, projected to have an approximate lifespan of 25 years, represents a pivotal step in KAKA's journey towards sustainable and eco-friendly manufacturing practices. The project is scheduled to be fully commissioned by the end of January, marking the beginning of tangible benefits in the fiscal year 2024-25.

CA Chintan Bodar, CFO of KAKA Industries Limited, expressed enthusiasm about the initiative, stating, "Our new factory's substantial electricity consumption necessitates a strategic approach to manage costs effectively. With the prevailing upward trend in electricity costs, the solar power plant is poised to significantly enhance our cash flow. By reducing power costs, we anticipate a notable improvement in the company's overall profitability in the years to come."

The solar panels will be strategically positioned on the roof of the new factory shed at Lasundra, harnessing clean and renewable energy to power KAKA's manufacturing operations. According to the company's estimates, the cost of the solar power plant is expected to be recouped through energy savings within the first four years of operation. This means KAKA Industries Limited is poised to realize substantial electricity cost savings for the subsequent 21 years.

KAKA Industries Limited invites stakeholders, investors, and the public to track the progress of this sustainability initiative, reinforcing the company's dedication to environmental stewardship.

The installation of the solar power plant underscores KAKA Industries Limited's commitment to innovation, sustainability, and responsible corporate citizenship, reinforcing its position as a leader in the PVC Products & Profile Sector.

Shares of Kaka Industries Limited was last trading in BSE at Rs. 169.00 as compared to the previous close of Rs. 169.90. The total number of shares traded during the day was 29000 in over 26 trades.

The stock hit an intraday high of Rs. 170.00 and intraday low of 166.10. The net turnover during the day was Rs. 4874750.00.

Source : Equity Bulls

Keywords

KakaIndustries PlasticProducts Industrial INE0P3N01018 Rooftop SolarPowerPlant