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Lambodhara Textiles to set up solar power plant worth Rs14.90cr at Manaparai; Stock gains 2%

As a result, 90% of energy consumption of the Company will be green power.

December 30, 2021 11:20 IST | India Infoline News Service
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Lambodhara Textiles Ltd has informed to the exchanges regarding installation of Solar Power plant.

As per regulatory filing, the Company has proposed for installation of 3.1 MW DC & 2.4 MW AC Ground Mounted On-Grid Solar Power Plant at Manaparai, Trichy District at an estimated cost of Rs14.90cr for the purpose of captive consumption, which would help the Company to reduce its dependence on non-renewable sources of energy.

As a result, 90% of energy consumption of the Company will be green power, the company said on Wednesday.

On Thursday, at around 11:19 AM, Lambodhara Textiles was trading at Rs99.50 apiece up by Rs2.05 or 2.1% on the BSE.

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