Rudra Global Infra products limited has informed the exchange on receiving the bank sanction Letter for a 3.3 MW wind power project with M/S Opera Energy private limited.
The company has informed the exchange on the approval of 75% of the fund for the project cost of ₹32.28 Crore. The increase in production volume is expected to help the Company double its topline, reaching approximately ₹1,200 Crore, along with a significant improvement in EBITDA.
According to the exchange notification, the installation of the 3.3 MW wind turbine is progressing as planned and is expected to be operational by December 2025. The project is projected to generate approximately 1.1 crore units of power annually. This will be the fourth wind turbine installed by the Company, enhancing its total renewable energy capacity to 8 MW, capable of producing approximately 1.7 crore units per annum.
Furthermore, the cost savings from captive power generation are estimated to contribute approximately ₹40 Crore in EBITDA annually over the productive life of the solar plant.
The total CAPEX requirement for implementing the entire renewable energy initiative is estimated at ₹140 Crore, of which 80% will be funded through institutional financing, and the remaining 20% will be contributed from the Company’s internal reserves.
Following the implementation of this project, the Billet Producing Division is expected to increase its capacity utilization from 33% to 50%, while the TMT Producing Division is expected to ramp up utilization from 50% to 90%.
The company in its notification said that “We reiterate that the Company remains fully committed to maximizing the use of renewable energy sources. In addition to wind energy, the Company is also actively planning to undertake solar power projects and/or other equivalent renewable energy projects totaling 25–30 MW. Upon completion of these initiatives, the Company aims to fully optimize its current investment in plant and machinery, with an anticipated increase in output to 2.4 lakh tons per annum of finished goods (TMT Bars).”
With the capacity expansion, the Company expects to achieve an annual production of:
• 1.2 lakh tons of MS Billets from the SMS Division and 2.4 lakh tons of TMT Bars from the Rolling Mill Division (RM Division).
