Shri Hare-Krishna Sponge Iron Commissions 3 MW Captive Power Plant; Shares Flat

Mumbai, June 9: Shri Hare-Krishna Sponge Iron Ltd has commenced operations at its 3 Megawatt (MW) Waste Heat Recovery Captive Power Plant at the company’s manufacturing facility.

The development was disclosed through an exchange filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the company, the newly operational captive power plant has been set up to improve energy efficiency, optimise operational costs and support sustainable manufacturing operations through utilisation of waste heat generated during the production process.

The company stated that the commissioning marks a significant step in strengthening internal energy infrastructure and improving efficiency across manufacturing activities.

Stock Market Snapshot

Shri Hare-Krishna Sponge Iron Ltd share price remained unchanged following the update on commencement of operations at the captive power facility.

The stock was trading at ₹38 as of 09:28 IST on June 9, 2025, according to exchange data.

Market participants tracked the announcement for its potential impact on operational efficiency and long-term cost management, particularly as industrial companies continue to focus on captive and renewable energy integration.

Biomass Captive Power Project Under Development

Apart from the 3 MW waste heat recovery plant, the company also informed exchanges that its 2 MW Biomass Captive Power Plant project is currently under implementation.

The company said work on the biomass-based facility is progressing as scheduled and the plant is expected to commence operations from July 2026.

The update indicates the company’s continued focus on captive energy generation and sustainable manufacturing infrastructure aimed at reducing dependence on external power sources.

Captive Energy Push May Support Efficiency

The commencement of the waste heat recovery facility is expected to help improve energy utilisation within the manufacturing process while supporting cost optimisation initiatives.

The company’s latest disclosure also reflects broader industrial trends toward energy-efficient production systems and alternative captive power generation. The exchange filing was submitted for information and record purposes under applicable SEBI regulations.

Source:

• https://www.nseindia.com/get-quote/equity/SHKSIL/Shri-Hare-Krishna-Sponge-Iron-Limited
• https://nsearchives.nseindia.com/corporate/SHRIHARE_08062026175533_Intimation_regarding_Commencemeent_of_Power_Plant.pdf