Poojaa Precision solar project operations have started in Nanded, turning a plan disclosed during the company’s recent public offering into an operating captive-power asset. The 4.95 MWp DC, or 3.30 MW AC, installation began commercial operations on September 16, 2026, according to the company’s exchange filing.
Key takeaways
- The captive solar installation has 4.95 MWp of DC capacity and 3.30 MW of AC capacity.
- Poojaa Precision says the ₹14.81 crore project was funded entirely from IPO proceeds.
- The company estimates monthly power-cost savings of ₹40–45 lakh, but actual savings will depend on generation and factory consumption.
What the Poojaa Precision solar project changes
The project is located at Bhaganurwadi in Mukhed taluka, Nanded district, Maharashtra. Its commercial start matters because the asset is meant for captive consumption in Poojaa Precision’s manufacturing operations. That can reduce the amount of grid electricity the company must buy when the plant is generating and the factories can absorb the power.
The filing puts the project cost at ₹1,481.43 lakh and says the spending came fully from IPO proceeds. That links the commissioning directly to a stated use of the capital raised from public investors. Stocks Sena’s filing record reproduces the capacity, location, cost and intended captive use, while Capital Market independently reported the commercial-operations date and IPO linkage.
| Measure | Disclosed detail |
|---|---|
| Commercial start | September 16, 2026 |
| Installed capacity | 4.95 MWp DC / 3.30 MW AC |
| Project cost | ₹1,481.43 lakh |
| Funding source | IPO proceeds |
| Estimated monthly saving | ₹40–45 lakh |
The savings claim still needs operating evidence
Poojaa Precision estimates that the installation could save roughly ₹40–45 lakh a month in power costs. That is a company estimate, not a guaranteed result. Solar generation varies with weather and plant availability, while the financial benefit also depends on how closely production demand matches daytime generation and what electricity charges are displaced.
The first useful proof points will therefore be generation, utilisation and realised savings over several months. Investors should also separate commissioning from capacity expansion: this announcement confirms that the solar asset is operational, but it does not by itself state that the company’s manufacturing output has increased. Similar distinctions matter when reading industrial updates such as Praj’s bio-industrial collaboration or Cochin Shipyard’s dry-dock venture.
There is also a timing point behind the headline. “Commercial operations” establishes the date from which the asset can contribute, but the first day cannot establish a stable run rate. A fair assessment needs enough operating history to capture cloudy periods, maintenance and changes in production schedules. The company has not disclosed a power-purchase tariff comparison, annual generation forecast or payback period in this update, so those figures should not be inferred from the monthly saving estimate.
What to watch next
The next disclosures should show whether the project consistently reaches expected output and whether the targeted savings appear in operating expenses. Any curtailment, maintenance downtime or mismatch between generation and factory demand could reduce the benefit. Conversely, strong captive consumption could make the project a practical hedge against purchased-power costs without requiring the company to sell electricity as a separate business.
Frequently asked questions
How large is the project?
It has 4.95 MWp of installed DC capacity and 3.30 MW of AC capacity.
How was it funded?
Poojaa Precision says the ₹14.81 crore cost was funded entirely from IPO proceeds.
Does commissioning guarantee ₹45 lakh of monthly savings?
No. The ₹40–45 lakh figure is the company’s estimate; realised savings will depend on generation, availability, consumption and displaced tariffs.
Get the day’s top stories in your inbox
One concise email. No spam, unsubscribe anytime.
