Rama Steel Tubes Limited (BSE: 539309, NSE: RAMASTEEL), a leading player in the manufacturing of ERW pipes, has installed Solar Project at Khopoli Facility, Maharashtra. This Solar project will be generating 1100 MWh / Year of energy, same amount of energy needed to power the installed and upcoming Capacities.
The solar project has a capacity of 750 KWp and will generate the same amount of energy needed to power the current as well as the planned upcoming capacity. An array of 2400 solar panels carpets the land, converting sunlight into electrical currents. It will save money and energy while also protecting the environment. The estimated amount of reduction in the Carbon Footprint will reduce by 1120 MT pa by reducing the emission of Carbon dioxide into the atmosphere.
Rama Steel Tubes has today unveiled one of the India’s largest solar energy projects of its kind in the ERW pipes segment. The Company has executed the entire project in less than 3 months time at a cost of 3.75 crores. Working with Visa Powertech P Ltd, the sustainable energy developer, Rama Steel Tubes has mounted 24OO solar panels on the factory land at its Khopoli facility, Maharashtra – an area equivalent to 3.75 acres.
Currently this facility has an overall manufacturing capacity of 72,OOO MT per annum, however we have plans to bring in additional 60,000 MT capacity at the same location. These facility is going to boost the performance of the Company. In line with its vision of profitable growth, the Company has been successful in further strengthening its presence in highly profitable geographies. The Company’s products have been well accepted and appreciated in all the markets that it caters to.
Commenting on the Solar installation, Mr. Richi Bansal, CEO, Rama Steel Tubes Ltd said, “We are very pleased to inform that the Company has successfully installed Solar Project at Khopoli Facility, Maharashtra. We are the first and the only Company in ERW segment to install Solar panels at its facility. We are delighted to be working with Viso Powertech Pvt Ltd to help us achieve our sustainability ambitions.
This solar project will further minimize our carbon footprint. The energy generated will be used in ERW pipes manufacturing processes. The installation of the panels started in the February 2017 and cover a total land of 3.75 acres. We will significantly reduce the cost of energy with this at our Khopoli Facility, Maharashtra. Our target is to be one of the most energy-efficient ERW pipes manufacturing plants in lndia.
We are continuously developing innovative processes to modernize production, with a plan to introduce new dia sizes of ERW products for customers to help them create a more sustainable society.”
Source: Equity Bulls
