ISMT has commissioned operations of the Solar Plant situated at Mantha, Helas, Jalna, Maharashtra from July 01, 2024. It is followed by the receipt of the commencement certificate issued by ‘Maharashtra State Electricity Distribution Company’. The installation of the Solar Plant has been completed in Phase I with the capacity of 35 MW DC (out of total project capacity of 70 MW DC).
The sum of around Rs 138 crore (net of recoverable taxes) has been incurred till date towards the capital expenditure and the same has been financed through internal accruals. Operations of the Solar Plant will benefit the Company by way of reduction in the power costs.
ISMT is predominantly engaged in the manufacturing of specialty alloy and bearing Steel.
