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Scoda Tubes Ltd. ( (IN:SCODATUBES) ) has shared an update.
Scoda Tubes Ltd. has received approval from the Gujarat Energy Development Agency to set up a 3.9 MW (AC) / 4.99 MW (DC) ground-mounted solar project in Patan district for captive power use under the Gujarat Integrated Renewable Energy Policy 2025. The project, with an estimated cost of about Rs 17.99 crore and expected annual generation of about 7.74 million kWh, is projected to significantly cut the company’s electricity expenses, strengthening its cost competitiveness and aligning its operations with renewable energy goals.
More about Scoda Tubes Ltd.
Scoda Tubes Ltd. operates in the manufacturing sector from Mehsana, Gujarat, and is listed on both the National Stock Exchange of India and BSE. The company focuses on industrial tube products and serves domestic markets, positioning itself within India’s broader metal and engineering supply chain.
Average Trading Volume: 14,678
Technical Sentiment Signal: Strong Sell
Current Market Cap: 8.26B INR
Learn more about SCODATUBES stock on TipRanks’ Stock Analysis page.