3 hrs ago
Aastha Spintex Advances Rooftop Solar Project After GEDA Registration
Aastha Spintex is installing solar panels on the roof of a Falcon Yarns factory.
The project can produce 1,350 kilowatts of direct-current electricity.
Gujarat’s energy agency registered the project on September 16, 2026.
The project is at a manufacturing facility in Bharudi, Gondal, in Rajkot district.
Workers have started building the structures that will hold the solar panels.
Marking for these structures is 70% complete, and installation is 40% complete.
Thirteen workers were listed in the project’s daily progress report.
The company says the project will support its larger manufacturing operations after acquiring Falcon Yarns.
The acquisition is also expected to raise production capacity, while the company’s recent revenue and profit have increased.
Aastha Spintex received GEDA registration for a 1.35 MW DC rooftop solar system at Falcon Yarns’ facility.
The system is rated at 1,000 kW AC and 1,350 kW DC capacity.
Registration was issued on September 16, 2026, under Gujarat’s Integrated Renewable Energy Policy 2025.
On-site work has begun, with Module Mounting Structure marking 70% complete and installation 40% complete.
The Falcon Yarns acquisition is expected to increase capacity, while Aastha Spintex reported higher revenue, profit and operating margins.
- Who
- Aastha Spintex Limited is implementing the project at Falcon Yarns Private Limited’s manufacturing facility, with Managing Director Divyang Jashwant Patel commenting on its progress.
- What
- A 1.35 MW DC rooftop solar project has received GEDA registration and entered on-site execution.
- Where
- Falcon Yarns’ manufacturing facility in Bharudi, Gondal, Rajkot district, Gujarat.
- When
- GEDA registration was issued on September 16, 2026; the article was published on September 17, 2026.
- Why
- The project is intended to strengthen Aastha Spintex’s operational infrastructure and expanded manufacturing platform following the Falcon Yarns acquisition.
Key facts
- Project capacity
- 1,350 kW DC and 1,000 kW AC
- Regulatory authority
- Gujarat Energy Development Agency
- Registration date
- September 16, 2026
- Policy and category
- Gujarat Integrated Renewable Energy Policy 2025; industrial and commercial category
- Project progress
- Module Mounting Structure marking 70% complete; installation 40% complete
- Personnel deployed
- 13 personnel, according to the daily progress report
- Expected capacity increase
- Spinning capacity from 7,700 tonnes to 17,457 tonnes; spindle capacity from 25,920 to 61,824
- Reported financial growth
- Revenue rose from Rs 240 crore in FY23 to Rs 352 crore in FY25, while net profit increased from Rs 1.1 crore to Rs 23 crore
Quotes
Divyang Jashwant Patel
Managing Director of Aastha Spintex
“With the Module Mounting Structure work progressing steadily, we are moving forward with the project as planned. The initiative forms part of our efforts to strengthen the operational infrastructure of our expanded manufacturing platform.”
thehindubusinessline.com
Sources
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