Malpani Pipes & Fittings move higher on installing rooftop solar power plant at manufacturing facility in Ratlam
Malpani Pipes And Fittings is currently trading at Rs 61.41, up by 0.41 points or 0.67% from its previous closing of Rs 61.00 on the BSE.
The scrip opened at Rs 59.92 and has touched a high and low of Rs 61.41 and Rs 59.91 respectively. So far 4800 shares were traded on the counter.
The BSE group 'M' stock of face value Rs 10 has touched a 52-week high of Rs 90.00 on 04-Feb-2025 and a 52-week low of Rs 54.90 on 18-Mar-2025.
Last one week high and low of the scrip stood at Rs 72.64 and Rs 55.30 respectively. The current market cap of the company is Rs 66.18 crore.
The promoters holding in the company stood at 73.28%, while Public held 26.72% stake in the company.
Malpani Pipes & Fittings has installed a state-of-the-art 1,136.34 KWP rooftop solar power plant at its manufacturing facility in Ratlam. The rooftop solar installation spans the company’s expansive 1,50,000 sq. ft. premises, which includes a constructed area of 80,000 sq. ft (approximate). This strategic investment not only aligns with the company's long-term vision for sustainable manufacturing but also reinforces its commitment to environmental responsibility.
The solar power plant marks a significant step in the company’s commitment to sustainable and eco-friendly manufacturing practices. The commissioning of the project is set to begin in May and is expected to be completed by the end of August, with benefits anticipated to begin reflecting in the 2nd half of fiscal year 2025-26.
The solar panels will be strategically mounted on the rooftop of the factory shed, allowing the company to harness clean, renewable energy for its day-to-day manufacturing operations. The project is estimated to generate approximately 12,50,000 units of electricity annually, resulting in a projected annual cost saving of Rs 87.50 lakh. According to internal projections, the investment cost is expected to be recovered within the first four years of operation.
Malpani Pipes and Fittings, an ISO 9001:2015 certified company based in Ratlam, Madhya Pradesh, manufactures a range of high-grade plastic pipes. Its products include High-Density Polyethylene (HDPE) Pipes, Medium-Density Polyethylene (MDPE) Pipes, and Linear Low-Density Polyethylene (LLDPE) Pipes, all marketed under the brand name ‘Volstar’.
