In a major move toward sustainability, SCCL subsidiary APHMEL has inaugurated a 300 kW solar power plant in Vijayawada to significantly reduce its annual electricity expenditure.

Key Takeaways

  • APHMEL installed a 300 kW solar power plant at a cost of ₹1.24 crore.
  • The plant is expected to save approximately ₹24 lakh in annual electricity costs.
  • The company achieved a record turnover of ₹63.13 crore in FY 2025-26.
  • The initiative marks the company's Golden Jubilee celebrations.

Buddhaprakash Jyoti, Chairman and Managing Director of Singareni Collieries Company Limited (SCCL), virtually inaugurated a 300 Kilowatt (kW) solar power plant at Andhra Pradesh Heavy Machinery & Engineering Limited (APHMEL) in Vijayawada. This landmark project was launched as part of the company's Golden Jubilee celebrations.

During the inauguration, the CMD highlighted APHMEL's unprecedented financial success. The subsidiary reported its highest-ever turnover of ₹63.13 crore and a record net profit of ₹23.33 crore for the 2025-26 period. Mr. Jyoti attributed this milestone to the strategic support of the Telangana State Government and the infrastructure guidance provided by Deputy Chief Minister Mallu Bhatti Vikramarka.

Why This Matters

BozokMedia analysis shows that shifting to renewable energy is becoming a critical survival strategy for heavy engineering firms. Currently, APHMEL spends roughly ₹60 lakh annually on electricity for its plant and residential colony. By investing ₹1.24 crore in solar technology, the company aims to slash these costs by ₹24 lakh per year, ensuring a complete return on investment (ROI) within just five years.

The transition to solar power in heavy industry is a dual victory for both corporate profitability and environmental stewardship.

Since its inception on September 1, 1976, APHMEL has evolved significantly. The CMD has now urged the management to look beyond traditional machinery and spare parts, encouraging business diversification to meet the evolving demands of modern global industries.

Frequently Asked Questions

1. How much will the new solar plant save APHMEL?
The 300 kW plant is expected to reduce annual electricity expenses by approximately ₹24 lakh.

2. What was APHMEL's financial performance in 2025-26?
The company achieved a record-breaking turnover of ₹63.13 crore and a net profit of ₹23.33 crore.

Did You Know?: Solar energy installations in industrial zones can often pay for themselves in less than half a decade through direct utility savings.