Manaksia Coated Metals & Industries, a leading manufacturer and exporter of coated steel products, announced the establishment of a 7 MWp ground-mounted captive solar power plant in Gujarat under the Open Access mechanism. The project will be developed by Prozeal Green Energy, one of India’s leading renewable energy EPC and IPP companies.

The initiative marks a significant step in the company’s long-term sustainability and cost-efficiency strategy, aimed at reducing power costs, lowering carbon emissions, and strengthening energy security across its manufacturing operations.

The solar project will help the company significantly reduce grid dependency while improving profitability through lower energy costs. With advanced bifacial TOPCon modules and a single-axis tracking system, the plant will maximize energy generation throughout the day—even in low-light conditions—ensuring consistent, efficient, and reliable output.

Commenting on the initiative, Karan Agrawal, Whole Time Director, said, “This solar project reflects our commitment to responsible growth and environmental stewardship. Partnering with Prozeal Green Energy ensures high-quality execution aligned with our sustainability vision. Replacing up to 55 per cent of our grid power with renewable energy will generate nearly 50 per cent cost savings while substantially reducing our carbon footprint. This strengthens our profitability and our pledge to operate responsibly.

The advanced Mono Bifacial N-Type TOPCon modules and Single Axis Tracker system will maximize energy generation and long-term value. As energy is central to our operations, this initiative enhances our energy security, cost control, and operational flexibility, while supporting India’s renewable energy goals. We remain committed to integrating clean technologies and expanding our use of renewable energy to drive efficient, innovative, and sustainable growth.”