Vidhi Specialty Food Ingredients (VSFIL), is a leading manufacturer of Superior Synthetic and Natural Food Grade Colours, has set up 2 MW Solar Power Plant at Village - Rambhapur, Tal - Murtizapur, Dist - Akola, Maharashtra. 100% of electricity generated through above solar power plant shall be utilised for captive use for HT connections.
The project will support the Company’s green energy requirements for its manufacturing units. It will also help the Company reducing carbon emissions. Solar plant commissioned will also help VSFIL in significant cost savings and operational efficiencies which will aid to margin expansion in the long run. The total cost of the project (including land) is Rs 90 million approximately, which was fully funded by internal accruals.
Shares of the company gained Rs 34.30, or 10.18%, to settle at Rs 371.15. The total volume of shares traded was 127,298 at the BSE (Wednesday).
