New Malayalam Steel, Mala

Project Overview

New Malayalam Steel Ltd, established in 2017, is a prominent manufacturer of galvanized pipes, tubes, and sheets under the brand name Demac Steel. Recognizing the escalating energy demands of its manufacturing processes, the company installed a 489.77 kWp solar power system at its facility in Mala. This on-grid system significantly reduces reliance on conventional electricity sources, thereby decreasing operational costs and carbon emissions. IPO Ji+1Business Standard+1Investor Gain

Technical Specifications

Capacity: 489.77 kWp

System Type: On-grid solar photovoltaic system

Installation Site: New Malayalam Steel manufacturing facility, Mala, Thrissur

Installer: Cosmic Solar Solution

The solar installation is designed to cater to a substantial portion of the facility's energy requirements. By integrating this system, the company not only achieves cost savings but also contributes to environmental sustainability.

Strategic Importance

The solar project aligns with New Malayalam Steel Ltd's broader strategic objectives. In its IPO prospectus, the company highlighted the expansion of its solar facility as a key initiative for technological upgradation and sustainable growth. This move reflects the company's dedication to integrating eco-friendly practices into its core operations. Facebook+4m.Stock+4Facebook+4Business Standard+2IPO Ji+2m.Stock+2Business Standard

Visual Insight

For a visual representation of the project, you can watch the following video detailing the 490 kW solar installation at New Malayalam Steel:

This project serves as a benchmark for industrial entities aiming to transition towards renewable energy sources, showcasing the tangible benefits of sustainable investments in the manufacturing sector.