Fabric Manufacturer G.M. Syntex Saves ₹40 Million Annually by Going Solar

The rooftop project is expected to achieve payback within 3.5 years

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Large commercial and industrial (C&I) consumers are increasingly turning to solar power to meet sustainability goals and reduce their electricity expenditure. Businesses with continuous power demand can achieve significant savings by utilizing unused rooftop space for solar installations.

Maharashtra-based textile fabric manufacturer G.M. Syntex is saving approximately ₹40 million (~$420,248) annually after installing a 3 MW rooftop solar project. The installation is yielding savings of around ₹3.3 million (~$34,671) every month.

Spread over 1.2 million square feet, the G.M. Syntex factory is located in MIDC Tarapur, Palghar, in Maharashtra. The company manufactures home textile fabrics using natural, recycled, and man-made yarns, and offers large-scale fabric dyeing, printing, embroidery, weaving, finishing, packaging, and related textile processing services

Through the rooftop solar system, the company is meeting around 30% of its power requirement with solar energy. The company relies on solar power during the day to reduce electricity costs.

Maharashtra is among the states with the highest grid tariffs, making rooftop solar an attractive option for C&I consumers.

Gujarat-based Malibu Renewables commissioned the project in February 2026, completing it within three months.

The rooftop system uses Rayzon Solar’s 550 Wp mono PERC modules, coupled with 20 units of Polycab’s inverters.

The system is designed to generate around 330,000 units of electricity per month, or approximately 3.96 million units annually.

The rooftop project is expected to achieve payback within 3.5 years.

G.M. Syntex also plans to install rooftop solar systems at its other factories.

According to Mercom India Research’s Q4 & Annual 2025 India Rooftop Solar Market Report, Maharashtra led rooftop solar capacity additions in 2025, accounting for 16% of total additions.

Cumulatively, the C&I segment accounted for 23% of rooftop solar capacity added during the year.

Mercom India also hosts a pan-India C&I Clean Energy Meet series, bringing renewable energy developers and commercial and industrial power consumers together to discuss clean energy adoption. The next event will be held in Jodhpur on May 15, 2026.

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