Rudra Global Infra Products, a prominent player in the steel manufacturing sector, is set to invest approximately Rs 190 crore in establishing a 30-megawatt captive solar power project in Gujarat. This significant investment underscores the company's commitment to sustainable practices and reducing its carbon footprint by incorporating renewable energy into its operations. Scheduled to begin operations by January 2025, the solar plant is designed to support the company's existing billet and TMT bar manufacturing facilities, ensuring a more sustainable and cost-efficient energy supply.

The project will be financed through a strategic blend of debt and equity, with 80 percent of the required capital secured from financial institutions over a five-year period, while the remaining 20 percent will be funded internally by the company. This move is expected to significantly boost the capacity utilization of Rudra Global's Steel Melting Shop (SMS) division, increasing it from the current 33 percent to 50 percent. By enhancing its operational efficiency and integrating green energy solutions, Rudra Global Infra Products aims to solidify its position in the steel industry while contributing to India's broader goals of energy sustainability and self-reliance.