Aditya Ultra Steel to set up 5 MW solar plant; posts Rs 5.87cr profit for Apr-Sept

economictimes.indiatimes.com:

Rolled steel products manufacturer Aditya Ultra Steel Ltd has reported a net profit of Rs 5.87 crore for April-September period of 2024-25 and also announced setting up a 5 MW solar plant at Rajkot in Gujarat. The company in a statement on Saturday said its revenue from operations stood at Rs 312.39 crore in the first six months of 2024-25. Operating profit stood at Rs 10.50 crore in the period under review.
The rolled steel products maker, which sells products under the Kamdhenu brand, listed on NSE SME platform in September following its around Rs 46 crore IPO. The company had reported revenue of Rs 587.80 crore in FY24 while profit was Rs 7.69 crore in the fiscal.
Aditya Ultra Steel Ltd Managing Director Sunny Sunil Singhi said that the company is setting up a Rs 15-crore solar power plant with a capacity of 5,000 KWP at Jasdan, Rajkot, to meet its energy needs and enhance sustainability.

The company is set to embark on a major expansion initiative aimed at increasing production capacity, improving operational efficiency, and advancing sustainable practices, he added.