Mangalam Worldwide (MWL) has commissioned its new 10.4 MW ground-mounted captive solar power project at its Halol ecosystem. Together with the company's existing 1.2 MW rooftop solar installations, MWL’s total operational solar capacity now stands at an impressive 11.6 MW. For an organization of the company’s scale, which recorded its strongest-ever financial performance with a revenue of around Rs 1,215 crore in Financial Year 2026, crossing the 10 MW threshold represents an aggressive operational acceleration ahead of traditional mid-cap manufacturing timelines.
The unified 11.6 MW solar footprint is projected to offset more than 12,500 metric tonnes of carbon dioxide (CO2) emissions annually, structurally lowering the carbon intensity of MWL’s core steel melting and tubular manufacturing operations. Operationally, substituting conventional grid electricity with captive solar power projects a significant reduction in electricity costs by 20% to 40%. Given that steel and engineering manufacturing are highly energy-intensive, this capital investment directly safeguards the company’s bottom line from future utility price hikes.
Mangalam Worldwide is a fully integrated stainless-steel manufacturer, with operations ranging from scrap melting to the manufacturing of seamless pipes and tubes.
