Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), a prominent manufacturer and exporter of coated steel products, has announced the establishment of a 7 MWp DC ground-mounted solar power plant in Gujarat. The initiative, undertaken under the Open Access mechanism, follows a partnership with Prozeal Green Energy Limited, one of India’s leading renewable energy EPC and IPP firms.
The project represents a major step forward in Manaksia Coated Metals’ sustainability journey, aiming to lower power costs, enhance energy efficiency, and reduce dependency on conventional grid electricity. By integrating renewable energy into its operations, the company seeks to strengthen profitability, minimize carbon intensity per ton of production, and ensure long-term energy stability. With a continued focus on efficiency, technological advancement, and environmental responsibility, the company is positioning itself for sustainable growth and long-term value creation.
Karan Agrawal, Whole Time Director at Manaksia Coated Metals & Industries Limited, commented “This solar project embodies our dedication to sustainable industrial practices and responsible growth. Our collaboration with Prozeal Green Energy Limited guarantees world-class execution and aligns with our long-term energy vision. By developing a 7 MWp captive solar facility in Gujarat, we aim to meet nearly 55% of our energy requirements through renewables, reducing electricity costs by around 50% while significantly cutting carbon emissions.
We are deploying advanced Mono Bifacial N-Type TOPCon solar modules paired with a Single Axis Tracker system, enabling optimal sunlight capture throughout the day. These cutting-edge technologies enhance generation efficiency, ensure consistent power supply, and deliver reliable, long-term returns on investment.
Energy efficiency remains central to our business strategy, and this initiative provides long-term cost control, energy security, and operational flexibility. It supports our broader goal of sustainable manufacturing and aligns with the Government of India’s renewable energy mission. We remain committed to integrating clean energy solutions and fostering innovation to achieve sustainable growth in the years ahead.”
Manan Thakkar, Co-Founder and Managing Director of Prozeal Green Energy Limited, stated “We are delighted to collaborate with Manaksia Coated Metals & Industries on their renewable energy transition. This partnership highlights how industrial players can effectively leverage the Open Access framework to achieve sustainability targets while maintaining cost competitiveness.”
This collaboration underscores the shared commitment of both companies to support India’s clean energy transformation and contribute to the nation’s Net Zero 2070 objective. By integrating renewable solutions into industrial operations, Manaksia Coated Metals & Industries Limited is setting a strong example of how industry and sustainability can progress hand in hand.
