Imagicaaworld Entertainment Limited commences operations of its Captive Solar Plant

Imagicaaworld Entertainment Limited, one of India's leading entertainment park players has announced the successful commencement of operations of its captive solar power plant. The 8MWp DC (5.5 MW AC) facility, established at a cost of approximately Rs. 41 crores, marks a significant milestone in the Company's commitment to sustainability and environmental responsibility.

The new solar plant will provide the Company with a reliable and sustainable energy source, underscoring its dedication to reduce carbon footprint and promoting green energy practices. The plant is expected to result in substantial financial savings of approximately Rs. 7-8 crores annually.

Inaugurated with a vision to support the Company's long-term sustainability goals, the solar power plant highlights the Company's proactive approach to adopting clean energy technology.

Commenting on the same, Mr. Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited said, "Leveraging on Malpani Group's expertise in renewable energy, we have added one more feather in the cap for our parks vertical. Our captive solar power plant aligns perfectly with our vision of creating a sustainable future for our business and the planet. This shift to renewable energy not only supports our environmental goals but also enhances our operational efficiency with significant cost savings.

At Imagicaaworld, we are committed to integrating eco-friendly practices into every aspect of our operations, and this solar plant is a testament to that commitment. We look forward to leading by example and inspiring others in the industry to embrace sustainable energy solutions."

Shares of Imagicaaworld Entertainment Limited was last trading in BSE at Rs. 97.23 as compared to the previous close of Rs. 95.18. The total number of shares traded during the day was 507657 in over 3148 trades.

The stock hit an intraday high of Rs. 99.98 and intraday low of 95.05. The net turnover during the day was Rs. 49641600.00.

Source : Equity Bulls

Keywords

ImagicaaworldEntertainment INE172N01012 OperationsCommencement CaptiveSolarPowerPlant