Steel Product Stock in Focus After Company Commissions 1200 kWp Rooftop Solar Plant
The company’s plants are spread across 1,25,000+ square meters in Gujarat with a total capacity of 1,80,000+ MTPA.
Mangalam Worldwide Ltd, a leading stainless-steel manufacturer, announced the successful installation and commissioning of a 1200 kWp rooftop solar power plant at its Manufacturing unit situated at Kapadwanj, District Kheda, Gujarat.
This solar power plant has been set up for captive consumption, significantly enhancing the Company’s renewable energy capacity and strengthening its commitment to sustainable industrial practices. The initiative is expected to lower energy costs, reduce carbon emissions, and support India’s renewable energy goals.
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The newly commissioned rooftop solar plant marks a strategic step to positively impact the local community and further strengthen Mangalam Worldwide’s commitment to social responsibility and environmental stewardship.
Commenting on the development, Mr. Vipin Prakash Mangal, Chairman of Mangalam Worldwide Limited, said, “Our transition toward renewable energy reinforces our dedication to a greener future. The successful commissioning of the rooftop solar power plant at our Kapadwanj unit is a proud milestone in our journey toward energy self-sufficiency and environmental stewardship.
This initiative not only supports our aim to significantly reduce our carbon footprint but also enhances cost efficiency, long-term resilience, and energy independence across our operations. By embracing renewable energy, we are actively contributing to India’s clean energy transition and reaffirming our responsibility to the environment, the communities we serve, and future generations.
This green energy initiative is aligned with the Carbon Border Adjustment Mechanism (CBAM) compliance requirements and the Indian government's vision for renewable energy. We continue to proactively invest in sustainable practices, ensuring long-term competitiveness, reduced emissions, and a strong commitment to global environmental goals”
Mangalam Worldwide Limited, established in 1995, is a fully integrated stainless-steel mill starting from scrap melting up to manufacturing seamless pipes & tubes. The company also manufactures Stainless Steel (SS) Billets, Rolling of SS Flat Bars and Seamless Heat Exchanger Tubes and U Tubes with a fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at its plants located at Halol (Unit-1), Changodar (Unit-Il) and Kapadvanj (UnitIll), Gujarat. The company’s plants are spread across 1,25,000+ square meters in Gujarat with a total capacity of 1,80,000+ MTPA. With a workforce of 750+, the Company is all set to meet the rising demand of stainless-steel bars, billets, seamless pipes and other products.
Disclaimer: The article is for informational purposes only and not investment advice.