Malpani Pipes & Fittings Ltd powers a Greener Future with 1136.34kWp Solar Installation

Malpani Pipes & Fittings Limited, a leading manufacturer of high-grade plastic pipes - including High-Density Polyethylene (HDPE), Medium-Density Polyethylene (MDPE), and Linear Low-Density Polyethylene (LLDPE) pipes under the brand name VOLSTAR-has announced a significant milestone in its sustainability journey with the installation of a state-of-the-art 1,136.34 KWP rooftop solar power plant at its manufacturing facility in Ratlam.

The rooftop solar installation spans the company's expansive 1,50,000 sq. ft. premises, which includes a constructed area of 80,000 sq. ft (approx.). This strategic investment not only aligns with the company's long-term vision for sustainable manufacturing but also reinforces its commitment to environmental responsibility.

The solar power plant marks a significant step in Malpani Pipes & Fittings Limited's commitment to sustainable and eco-friendly manufacturing practices. The commissioning of the project is set to begin in May and is expected to be completed by the end of August, with benefits anticipated to begin reflecting in the 2nd half of fiscal year 2025-26.

Rohit Malpani, Managing Director of Malpani Pipes & Fittings Limited, expressed his enthusiasm for the initiative, stating: "Our factory's substantial electricity consumption requires a strategic approach to cost management. Given the rising trend in electricity prices, this solar power plant is expected to significantly strengthen our cash flow. By reducing power costs, we foresee a meaningful improvement in the company's overall profitability in the years ahead."

The solar panels will be strategically mounted on the rooftop of the factory shed, allowing the company to harness clean, renewable energy for its day-to-day manufacturing operations. The project is estimated to generate approximately 12,50,000 units of electricity annually, resulting in a projected annual cost saving of ₹ 87,50,000. According to internal projections, the investment cost is expected to be recovered within the first four years of operation.

Shares of Malpani Pipes and Fittings Limited was last trading in BSE at Rs. 61.00 as compared to the previous close of Rs. 61.00. The total number of shares traded during the day was 6400 in over 4 trades.

The stock hit an intraday high of Rs. 61.00 and intraday low of 61.00. The net turnover during the day was Rs. 390400.00.

Source : Equity Bulls

Keywords

MalpaniPipesAndFittings INE0YON01014 PlasticProducts Industrial Milestone SolarPowerPlant Installation Ratlam