MSL Power and Energy

D.P. Jindal Group is diversified into renewable power generation. The group company Maharashtra seamless Limited (MSL) has successfully commissioned wind power project having 7 MW capacity in the month of December 2001 at district Satara, Maharashtra with a total cost of Rs. 36 crores (approx.). The entire project cost has been financed by the company with its internal resources only. This wind power plant enabled MSL both for reaping the fiscal benefits, viz. 100% income tax depreciation, 100% sale tax incentives, capital subsidy etc. and to neutralize the rising power cost in the State of Maharashtra. It meets approx. 14% of the total present power consumption.

Another step in this direction was taken in the year 2012 by Maharashtra Seamless Ltd. (MSL) , wherein a 5 MW solar power plant was step-up in Pokaran. The project was allotted to it by NTPC Vidyut Vyapar Nigam (NVVN) under Jawaharlal Nehru National Solar Mission (JNNSM). Under competitive bidding, MSL had bid for Rs. 12.24 / unit. NVVN and MSL have signed PPA for a period of 25 years. This marks MSL’s entry into solar power segment. The project is expected to generate annual revenues of around Rs.11 crores and will also provide certain tax benefits to the company.

During 2017, A 10 x2 MW capacity Solar Power plant under National Solar Mission, Phase II, batch II has been commissioned on 06th of May, 2017.

In 2018, Another 10 MW capacity Solar Power plant under Captive Consumption in MSL plant has been commissioned on 28th March, 2018 under Guidance of Sh. Saket Jindal, MD MSL,

Again in 2020, 15MW capacity of Solar power plant under Captive consumptions is added by MSL and is commissioned in 20th Aug 2020. Additional capacity of 2.5MW is added as a DC capacity in 15MW Solapur in Sept-2023.

The Total capacity has increased to 57MW as on date under dynamic leadership of Shri Saket Jindal, MD MSL.