Investing in a Sustainable Future: Astron Paper and Board Mill Limited Announces 10 MW Solar Power Plant Project

Astron Paper and Board Mill limited is set to invest in the development of a state-of-theart 10-megawatt solar power plant for the captive power consumption, a significant milestone in our commitment to clean energy and environmental stewardship.

Astron paper and board mill Limited is determine to adopt and nurture Environment Sustainability; by transitioning to solar power, we intends to contribute to the conservation of natural resources and the protection of ecosystems. Considerable fact is that, solar energy helps to reduce our dependence on finite fossil fuels, minimizing environmental degradation associated with their extraction and combustion. After deliberating with respect to challenges of a rapidly changing climate and the need for sustainable energy sources, solar plants emerge as a beacon of hope. Further, their benefits are extend far beyond the production of electricity, touching every aspect of our lives.

A Message from Chairman Mr. Kirit Patel: "As we embark on this transformative journey towards a sustainable future, I am thrilled to announce Astron paper and board mill Limited strategic investment in a cutting-edge solar project. This initiative reflects our unwavering commitment to environmental stewardship and positions us at the forefront of the renewable energy revolution. By harnessing the power of solar technology, we are not only investing in a cleaner, greener future but also reaffirming our dedication to innovation and responsible corporate citizenship. This solar project underscores our belief that sustainability is not just a goal but a fundamental principle that guides every facet of our business. We look forward to the positive impact this investment will have on our operations, the communities we serve, and the environment as a whole."

Astron paper and board mill Limited has also executed Memorandum of Understanding MOU) with Government of Gujarat for the solar Project of 10 Mega Watt in line with significant step towards enhancing ease of doing business and promoting economic growth. Considering, the implementation of the Single Window Clearance system, the government is committed to fostering a business-friendly environment, and the introduction of this streamlined approval process is a testament to our dedication to simplifying bureaucratic procedures.

Shares of Astron Paper & Board Mill Limited was last trading in BSE at Rs. 37.30 as compared to the previous close of Rs. 38.02. The total number of shares traded during the day was 22930 in over 521 trades.

The stock hit an intraday high of Rs. 38.40 and intraday low of 36.84. The net turnover during the day was Rs. 860319.00.

Source : Equity Bulls

Keywords

AstronPaperandBoardMill INE646X01014 Investment SolarPowerPlant CaptivePowerConsumption 10MW