Manaksia Steel Ltd, headquartered in West Bengal, stands as a leading steel company committed to excellence. It possesses 17 manufacturing plants in India and 4 abroad; two in Nigeria, one in Ghana and one in Georgia. It upholds a vision rooted in innovation and quality, producing a diverse range of steel products for various industries worldwide.
Through continuous improvement and adherence to global standards, the company remains dedicated to providing Cold Rolled Steel Sheets & Coils, Galvanized Steel sheets & Coil. Color Coated Steel sheets & coils, contributing significantly to the industrial landscape while prioritizing environmental consciousness and customer satisfaction.
As a result, over the last few years, the company has been actively looking at solar as a possible means to reduce its carbon footprint. This is where SafEarth came in and helped make their dream become a reality. The Ground Mount CAPEX Solar installation of 1084 kW has helped Manaksia Steels Ltd reduce 2109 tonnes of CO2 emissions a year.
Project Details :
| Characteristics | Value |
| Size | 1084 kW |
| Commercial Operation Date (COD) | June 2022 |
| Type | Ground Mount |
| Financing Mode | CAPEX |
| Execution Time | 3 Months |
| Annual Generation | 1,049,876 kWh |
| CO2 Reduction | 2109 Tonnes |
| Levelized Cost of Energy | < INR 2 / kWh |
*Graph of Total Annual Cash Flow
The exact details are confidential. This is for visual representation only.
The project closed with significant benefits to the off-taker and the company stands to save upwards of with the installation of the rooftop solar system by SafEarth.
Project Workflow
SafEarth is proud to be a part of this journey. This is how we helped their transformation:
Project Design:
Upon signing with Manaksia Steels Ltd, SafEarth first visited the site and made a detailed engineering report for the project. The designed system optimized the generation and the return on investment of the plant. Best industry practices have been used in this system.
Vendor Selection:
The SafEarth team then selected 12 pre screened vendors from the companies registered on our portal. All these companies are industry leaders.
Online Auction:
These companies were given a week to review the Detailed Engineering to help them ascertain their costs up to 99% accuracy. They then participated in an Online Reverse Auction on our Platform.
*Graph of Auction Analysis
The exact details are confidential. This is for visual representation only.
Negotiations:
After the auction, Manaksia Steels Ltd selected a vendor from the 12 participating pre screened vendors and held final discussions with this vendor. We worked with them to iron out various terms and conditions of the contract to arrive at a Win-Win scenario. This ensured protections for the client as well as the vendor.
Installation:
After the closure of the financing negotiations, the Vendor installed the plant of the industry following the best in industry practices. The plant has been set up using premium components and has been designed for top-grade performance.
Quality Assurance by SafEarth:
Before Commissioning and Handing over the plant, the SafEarth quality team visited the site and identified any punch points related to the project. The plant was handed over only after resolving these punch points.
Operations and Maintenance:
The O&M for the plant is now being done by the Vendor. The contract sets out clear benchmarks against which the output of the plant will be evaluated.
| Number of Bidders | 12 |
| Total Number of Bids | 82 |
| Number of Bidders Matching | 1 |
| Average Savings | < ₹ 13 Cr |
| Closure Time – Post Auction | 15 Working Days |
Auction Summary
Final Outcome of Project
SafEarth has helped Manaksia Steels Ltd reduce its carbon footprint by 2109 tonnes per year of CO2 equivalent and save over 60% of their electricity bills in the process. The Company was able to get the best quality solar plant without having to worry on any aspect of the project and as a result, they have awarded additional projects to SafEarth. Ready to buy a solar system? Join us on our SafEarth Platform to get the best quality and prices for your system !