SECTOR
Simplex Castings enters into PPA with Natraj Energy
Jun-08-2026

Simplex Castings has entered into a 25-year Power Purchase Agreement (PPA) with Natraj Energy, a Raipur-based renewable energy partnership firm, for the supply of clean energy through a captive solar power project under the Long-Term Open Access (LTOA) mechanism in the State of Chhattisgarh.

Under the agreement, Natraj Energy will develop, own, operate and maintain a 5.5 MWp grid-connected solar power plant, which will supply renewable electricity to Simplex Castings' manufacturing facilities at Bhilai and Tedesara through the open-access captive consumption mechanism. The transition to solar power is going to deliver annual energy cost savings of close to Rs 2.16 crore, representing a significant improvement in the company's cost structure over the life of the agreement.

Simplex Castings is premier manufacturing organization in India, with global business presence. It is mainly engaged in manufacturing of SG Iron, Steel, Special Alloy Castings, C.I. Castings and Equipments.

  RELATED NEWS >>