TGV SRAAC Limited, a flagship entity under the TGV Group, has announced a significant strategic initiative towards sustainable and renewable energy development. As per the company’s official communication to BSE Limited dated 12 July 2025, the Board of Directors has accorded in-principle approval through a Circular Resolution for the establishment of a 40 MW Solar Power Plant, marking a major step in the company’s long-term green energy roadmap.

This new solar capacity will be developed either near the company’s existing factory premises in Kurnool, Andhra Pradesh or at another strategic location, depending on technical feasibility and infrastructure availability. The estimated cost for this project stands at ₹120 crore, which the company plans to fund through a mix of internal accruals and bank financing.

This development builds upon TGV SRAAC's prior board-approved commitment of 60 MW solar power capacity, out of which:

• 37.90 MW has already been commissioned and is actively generating power, and

• The remaining 22.10 MW is under active implementation with satisfactory progress reported.

The company had previously communicated this phased solar energy strategy via a regulatory filing dated 14 August 2023, and the current resolution aligns with its broader mission to integrate clean energy into its manufacturing and operational ecosystem.

Project Snapshot:

• Total Additional Capacity Approved: 40 MW

• Estimated Project Cost: ₹120 crore

• Funding Source: Internal accruals and/or bank finance

• Approval Mode: Circular Resolution dated July 12, 2025

• Regulatory Reference: SEBI (LODR) Regulations, 2015 – Regulation 30

The solar power expansion is expected to further reduce the company's carbon footprint and energy costs while aligning with India’s national goal of increasing renewable energy adoption in the industrial sector. The move is in line with global ESG (Environmental, Social, and Governance) benchmarks and investor expectations related to climate resilience and sustainable operations.

The disclosure was signed by Mr. V. Radhakrishna Murthy, Chief General Manager & Company Secretary, and was made under Ref: TGVSRAAC:SECL:2025-26 as per the statutory compliance requirements under SEBI’s listing norms.

TGV SRAAC Limited operates its main factory in Gondiparla, Kurnool, Andhra Pradesh, and maintains corporate offices across major cities like Hyderabad, Chennai, Bengaluru, Mumbai, and New Delhi. The company’s diversification into solar power reiterates its role as a forward-looking chemical and industrial manufacturing company committed to energy self-sufficiency and environmental sustainability.

This development is also likely to create operational synergies, reduce dependency on conventional grid power, and open up potential for monetizing excess power through net metering or open access frameworks in the future.

The Board’s strategic decision comes amid rising interest in green energy across sectors, especially among heavy industrial users like chemical and process manufacturing firms, and further reflects India’s industry-wide pivot towards low-emission, cost-effective, and renewable sources of power.

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