Rudra Global Infra to Invest ₹190 Crore in 30 MW Solar Plant in Gujarat

Steel manufacturer Rudra Global Infra Products is set to invest approximately ₹190 crore in the construction of a 30 MW captive solar power plant in Gujarat. Scheduled to commence operations by January 2025, this new facility will primarily serve to meet the energy needs of the company's billet and TMT bar manufacturing processes.

The solar plant is expected to significantly enhance the company’s operational efficiency, increasing the capacity utilization of its steel melting shop (SMS) division from 33% to 50%. With the new facility, Rudra Global aims to boost its annual production to 100,000 tonnes of billets and 210,000 tonnes of TMT bars.

The capital expenditure for the project will be entirely funded, with 80% coming from financial institutions through a five-year loan, and the remainder provided by the company itself. This strategic investment will help lower operational costs, improve environmental sustainability, and strengthen the company's financial performance.

Formerly known as MDICL, Rudra Global Infra Products specializes in thermo-mechanically treated bars and mild steel billets. The company is targeting a turnover exceeding ₹1,000 crore within the next three years, reflecting its ambitious growth plans and commitment to sustainable energy solutions.

News by Rahul Yelligetti