Kovilpatti Lakshmi Roller Flour Mills Limited has approved an expansion of its solar power generating capacity, adding 700 KW (0.7 MW) at its Puducherry facility. This move is intended for captive consumption by the company’s foods division, aiming for significant savings in power costs. The project is expected to be completed by March 31, 2027, with an estimated investment of Rs. 4.25 to Rs. 4.50 crores, financed through internal accruals and bank loans.
Solar Capacity Expansion for Cost Savings
Kovilpatti Lakshmi Roller Flour Mills Limited announced the board’s approval to increase its solar power generating capacity by 700 KW (0.7 MW) at its Puducherry facility. This expansion aims to meet the captive energy needs of its foods division in Puducherry, with the objective of achieving substantial savings in power costs.
Investment and Timeline
The existing solar power generating capacity of the company stands at 5 MW, located at Gangaikondan, Tirunelveli District, primarily for the captive consumption of its engineering division. The proposed additional capacity is an important step towards enhancing operational efficiency and reducing energy expenses for the foods division. The estimated capital outlay for this expansion is between Rs. 4.25 crores and Rs. 4.50 crores. The project is scheduled for completion by March 31, 2027.
Financing and Rationale
The expansion will be financed through a combination of internal accruals and long-term loans from bankers. The company has highlighted that the proposed installation is expected to result in significant cost reductions for the foods division. This initiative aligns with the company’s strategy to leverage renewable energy for operational benefits.
Leadership Appointment
In addition to the solar capacity expansion, the board also approved the appointment of Sri. R. Nandagopal as the Chief Executive Officer of the Foods division. This appointment is effective for a period of one year, from October 28, 2026, to October 27, 2027. Sri. Nandagopal brings over 30 years of experience in various domains including HR, Six Sigma, sales, project management, and solar energy systems.
Source: BSE
