Raw Edge Industrial Solutions Limited Illuminates Future with successful installation of 575 KW Solar Power Plant

Raw Edge Industrial Solutions Limited, a leading manufacturer and supplier of Industrial Raw Materials, proudly announces its commitment to environmental responsibility with the installation of a 575 KW Solar PV Power Plant at its plant situated at Panoli, GIDC.

The solar power plant, projected to have an approximate lifespan of 25 years, represents a pivotal step in Raw Edge's journey towards sustainable and eco-friendly manufacturing practices.

Mr. Bimal Bansal, Managing Director of Raw Edge Industrial Solutions Limited, expressed enthusiasm about the initiative, stating, "Our Plants 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 plant, harnessing clean and renewable energy to power our 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 three years of operation and is poised to realize substantial electricity cost savings for the subsequent 22 years to come.

Shares of Raw Edge Industrial Solutions Ltd was last trading in BSE at Rs. 35.78 as compared to the previous close of Rs. 36.01. The total number of shares traded during the day was 13457 in over 81 trades.

The stock hit an intraday high of Rs. 39.50 and intraday low of 35.60. The net turnover during the day was Rs. 500031.00.

Source : Equity Bulls

Keywords

RawEdgeIndustrialSolutions INE960Z01014 SolarPVPowerPlant