India's Mangalam Worldwide Commissions 10.4 MW Solar Power Plant
2026-07-22 10:49
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en.Wedoany.com Reported - Mangalam Worldwide Limited has commissioned a 10.4 MW DC ground-mounted solar power plant at Khandod, Kalol Taluka, Vadodara district, Gujarat, India. The plant was disclosed on July 13, 2026, through regulatory filings submitted to the National Stock Exchange of India Limited and BSE Limited, in accordance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The plant was specifically developed to meet the electricity demand of the company's manufacturing unit in Halol, with the required land acquired through a 25-year lease to ensure long-term operations.

This commissioning is part of the company's plan to expand its renewable energy portfolio and support sustainable development goals. By generating clean power for its own use, the company expects to reduce its reliance on traditional power sources and enhance energy security for its industrial operations. This move aims to lower exposure to grid fluctuations and provide a more predictable energy supply for manufacturing.

Management stated that the project is expected to help reduce operational energy costs over the long term while significantly lowering the company's carbon emissions. The company described the shift to renewable energy as a measure to strengthen environmental performance and promote more sustainable business operations. The regulatory filing confirming the commissioning was signed by Soham Raval, Company Secretary and Compliance Officer of Mangalam Worldwide Limited.

In addition to commercial benefits, the company stated that the project is expected to generate positive environmental and social outcomes and support surrounding communities. This initiative is considered to contribute to India's broader renewable energy transition, as well as the company's goal of increasing self-generated clean electricity at its manufacturing sites. The deployment of the 10.4 MW plant represents a step in the company's ongoing energy strategy.

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