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**MAHASTEEL eyes green power!** ⚡️ The company has approved the acquisition of ~350 acres of land for approximately ₹70 Cr in Chhattisgarh. The plan is to set up a captive Solar Power Plant.
**Issue:** High operational power costs for its steel manufacturing business.
**Impact:** This strategic move aims to significantly reduce power expenses, directly boosting profitability and enhancing energy independence. It also marks a strong foray into renewable energy, improving the company's sustainability profile.
**Company’s Response:** By investing in its own solar plant, Mahamaya Steel is directly addressing a key operational cost and future-proofing its energy needs. The project is expected to be completed by July 2027.
#MahamayaSteel #RenewableEnergy #CostSavings #SteelSector