NSEPress Release28 Jul 2026 · 28 Jul 2026, 05:18 pm
Press Release
Euro Panel Products Limited · EUROBOND
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Euro Panel Products Limited has commissioned a 2.2 MW solar plant in Surat, increasing its total operational capacity to 3.6 MW and enabling it to offset 50% of its power requirements.
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Governance Concern1/10
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Market Sentiment8/10
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Full Announcement
Euro Panel Products Limited has informed the Exchange regarding a press release dated July 28, 2026, titled "EUROBOND Commissions 2.2 MW Solar Plant in Surat, Creating India's Largest Cumulative Captive Solar Infrastructure of 3.6 MW in the ACP Industry".
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Date: 28th July, 2026
To, To,
The Manager, The Manager,
Listing Department, Listing Department,
National Stock Exchange of India Limited BSE Limited,
Exchange Plaza, C-1, Block-G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (East), Dalal Street,
Mumbai - 400051. Mumbai- 400001.
NSE Symbol: EUROBOND Scrip Code: 544461
Sub.: Press Release issued by Euro Panel Products Limited
Dear Sir/ Madam,
Please find enclosed press release titled “EUROBOND Commissions 2.2 MW Solar
Plant in Surat, Creating India's Largest Cumulative Captive Solar Infrastructure of
3.6 MW in the ACP Industry”.
Kindly take the same on your records and acknowledge the receipt.
Thanking you,
Yours truly,
For Euro Panel Products Limited
Rajesh Nanalal Shah
Managing Director
DIN No: 02038392
Encl.: A/a
EUROBOND Commissions 2.2 MW Solar Plant in Surat, Creating India's Largest Cumulative
Captive Solar Infrastructure of 3.6 MW in the ACP Industry
The 3.6 MW cumulative solar network completes the third phase of the company's
renewable roadmap, allowing the facility to offset 50 percent of its power
requirements.
Parallel investments in Zero Liquid Discharge operations and comprehensive metal and
LDPE recycling establish a complete reduce, reuse, and renewable framework.
MUMBAI, 27th July: EUROBOND, the flagship brand of Euro Panel Products Limited, has
officially launched operations at its new 2.2 MW grid connected solar facility in Moti Falod,
Surat. This launch completes the third phase of a multi year energy expansion, bringing the
company's total operational capacity to 3.6 MW. Most significantly, this new infrastructure
allows EUROBOND to offset 50% of its total factory power requirements through captive solar
energy, an aggressive scale up from its previous 20% offset capability.
The plant is designed to generate 30 lakh units of clean electricity annually. This generated
power is used to offset the facility's overall energy consumption, significantly cutting reliance
on conventional power grids and directly eliminating the carbon emissions associated with
traditional coal based electricity. This transition began with an initial 520 kW installation in
2020, expanded to 1.4 MW in 2024, and now reaches this major 50% offset milestone with
the latest facility fully online.
This energy capacity expansion directly complements the company's broader resource
conservation practices, specifically its Zero Liquid Discharge operations. In addition to solar
power generation, EUROBOND operates in-house sewage and effluent treatment facilities
that have reclaimed over 1,322,500 litres of treated water over the last six months alone.
This treated water is utilised for site gardening, greenbelt maintenance, and general facility
requirements, ensuring zero industrial wastewater leaves the premises.
As green building frameworks under the Indian Green Building Council place greater
emphasis on supply chain transparency, developers and architects are actively seeking low-
carbon building materials. EUROBOND's operational clean energy setup and water
reclamation systems offer architects and project planners clear environmental benchmarks,
making it simpler for commercial and residential developments to achieve their green
building certifications.
Mr Divyam Shah, Whole Time Director and CFO of Euro Panel Products Limited, highlighted
the strategic importance of the installation:
“Sustainability has always been embedded in EUROBOND's culture and the way we approach
manufacturing. Every investment we make in renewable energy and resource conservation
reflects our long-term commitment to building a more responsible and resilient business.
Expanding our captive solar infrastructure to 3.6 MW is an important milestone in that
journey, strengthening our ability to manufacture more efficiently while reducing our carbon
footprint and conserving natural resources. As we continue to grow, our focus remains on
creating lasting value through responsible operations and ensuring that every panel we
produce reflects the highest standards of quality, performance, and environmental
stewardship.”
The commissioning of the Surat plant forms part of EUROBOND's ongoing investments into
overall manufacturing standards. Alongside its Extended Producer Responsibility compliance
and Indian Green Building Council membership, the company recently expanded its in-house
laboratory's NABL accreditation scope from 16 to 51 parameters covering coil, coating, core,
ACP, and MCP. Together, these infrastructure updates establish a transparent and data-
backed operational footprint.