Pyramid Technoplast Ltd announces commencement of its Solar Power Plant

Pyramid Technoplast Limited is pleased to announce the commissioning of its 6 MW captive solar power plant in Gujarat on October 30, 2025, marking a significant milestone in its pursuit of energy efficiency, self-reliance, and sustainable growth.

Of the total planned capacity of 15.25 MW, the balance capacity is set to be commissioned in phases through November.

With this initiative, Pyramid expects to:

- Lower its energy costs by saving approximately ₹15 Cr. of power cost, once the entire capacity is installed and commissioned thereby significantly improving operating leverage.

- The total investment in the project stands over ₹60 crore, implying a payback period of nearly four years- a strong demonstration of capital efficiency and disciplined cost management.

The project strengthens Pyramid's positioning as a cost-efficient, environmentally responsible industrial packaging leader - aligning financial performance with sustainability priorities.

Commenting on the development, Mr. Bijay Kumar Agarwal, MD, Pyramid Technoplast said: "The commissioning of our solar facility is a structural improvement, not a one-off saving. By integrating renewable energy into our manufacturing value chain, we are strengthening both our bottom line and our environmental footprint. This is a meaningful step toward sustainable margin expansion."

Shares of Pyramid Technoplast Limited was last trading in BSE at Rs. 164.20 as compared to the previous close of Rs. 163.00. The total number of shares traded during the day was 1545 in over 179 trades.

The stock hit an intraday high of Rs. 166.10 and intraday low of 161.80. The net turnover during the day was Rs. 253012.00.

Source : Equity Bulls

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PyramidTechnoplast INE0MIS01010 Packaging Commencement SolarPowerPlant