Karamtara’s new wind plant used 20.55% capacity in FY26

Karamtara Engineering Limited’s new wind-tower plant used 20.55% of its 126,000-metric-tonne annual installed capacity in the financial year ended March 31, 2026 (FY26). Karamtara’s Bhachau solar MMS facility used 2.70% of 18,000 metric tonnes, quantifying the ramp-up required at facilities commissioned during FY26.

Why did Karamtara’s new wind plant use 20.55% capacity?

Karamtara’s Unit Wind Tubular Tower reported 20.55% capacity utilisation in FY26 against annual installed capacity of 126,000 metric tonnes. Karamtara defines capacity utilisation as actual production during the relevant period divided by installed capacity for that period, while annual installed capacity is the production volume a facility can generate as of the last date of that period.

The Unit Wind Tubular Tower began producing tubular towers for wind turbines in June 2025, during FY26 rather than before the full 12-month reporting period. The disclosed 20.55% rate therefore applies an annual capacity measure to a facility that operated for part of FY26; Karamtara does not separately quantify how much of the rate reflected the partial operating period, customer demand, production readiness or another factor.

The wind-tower unit was one of several facilities with no reported FY25 or FY24 capacity figures because they were not then operational. In contrast, Unit Solar Piles and TLT, Tarapur used 89.19% of 147,300 metric tonnes of solar tracker piles and piers capacity in FY26, compared with 70.78% of 135,900 metric tonnes in FY25, showing that utilisation differed materially across Karamtara’s product lines.

How limited was utilisation at Karamtara’s Bhachau solar MMS unit?

Karamtara’s Unit Solar MMS, Bhachau used 2.70% of 18,000 metric tonnes of annual installed capacity in FY26. The solar MMS facility was commissioned in January 2026 and had no reported capacity or utilisation in FY25 or FY24, making FY26 its first disclosed operating period.

The Bhachau rate, like the wind-tower measure, uses annual installed capacity despite a commissioning date within FY26. Karamtara’s table does not give a unit-specific explanation for the 2.70% result, but the January 2026 start means production occurred only during the final part of the financial year ended March 31, 2026.

Other recently started facilities also reported limited output relative to stated FY26 capacity. Unit Kumbhavali used 10.00% of 36,400 metric tonnes of solar tracker piles and piers capacity after production began in February 2026, while Unit TLT and Wind Angular Tower used 38.27% of 64,700 metric tonnes of fungible capacity for lattice transmission towers and angular wind-turbine towers.

Karamtara also recorded 0.00% utilisation in FY26 for 1,200 metric tonnes of overhead transmission line (OHTL) hardware fittings and accessories capacity at Unit OHT Fittings. That capability had used 33.33% in FY25 and 22.33% in FY24, so low utilisation was not confined to facilities that commenced operations during FY26; the disclosure does not state a unit-specific reason for the zero FY26 output.

How did Karamtara’s newer facilities compare with established operations?

Karamtara’s FY26 capacity data shows higher utilisation at several established operations and lower rates at some new or expanded lines. Unit Solar Piles, Tarapur used 85.32% of its 84,000-metric-tonne galvanizing capacity in FY26, up from 60.50% in FY25 on unchanged capacity, while Unit Iself used 86.67% of 480,000 pieces of OHTL hardware fittings capacity.

Unit Iself’s FY26 utilisation of 86.67% was nearly unchanged from 86.73% in FY25 but was above its FY24 rate of 21.98%, with capacity remaining 480,000 pieces across all three years. The different unit of measurement matters: Unit Iself’s capacity is disclosed in pieces, whereas the company manufacturing facilities in the table are generally disclosed in metric tonnes.

Some existing categories showed lower utilisation after capacity changed. Unit Solar TLT and Angular Tower used 44.51% of 108,000 metric tonnes of fungible capacity in FY26, down from 74.51% of 93,600 metric tonnes in FY25. Unit Fasteners used 66.02% after capacity rose to 30,000 metric tonnes from 23,100 metric tonnes, compared with 80.99% in FY25.

Fungible capacity means Karamtara can use the stated capacity across more than one specified product category rather than assigning it entirely to a single product. For Unit Solar TLT and Angular Tower, the 108,000-metric-tonne FY26 capacity was fungible between solar tracker piles and piers and lattice towers for transmission lines, so utilisation combines production for those product categories.

What needs to happen for Karamtara to raise capacity utilisation?

Karamtara needs sufficient customer orders, workable production schedules, input availability, regulatory approvals, personnel and the ability to absorb additional infrastructure costs to raise utilisation at expanded facilities. Karamtara states that most of its manufacturing processes take four to six weeks, while customers generally provide forecast volume guidance quarterly without committing to buy those projected quantities.

Most Karamtara customer orders are placed through purchase orders rather than long-term volume agreements. The company says orders can be amended or cancelled before delivery, and changes in demand for particular product types can require manufacturing-process changes, creating a mismatch between available capacity and output.

Input procurement is another condition for sustained production because Karamtara’s top 10 suppliers accounted for 89.65% of FY26 purchases, up from 86.30% in FY25 and 76.00% in FY24. Imports represented 33.01% of FY26 purchases, compared with 30.35% in FY25, and Karamtara says disruptions arising from the Middle East conflict since March 2026 have delayed procurement of critical gas for galvanizing and increased procurement, raw-material and logistics costs.

Further expansion adds execution requirements. Karamtara intends to set up facilities at Tarapur, Palghar, Maharashtra for solar stamping parts and at Bhachau, Kutch, Gujarat for prefabricated engineered building structures, and its wholly owned subsidiary Karamtara Green Energy Limited, incorporated in May 2025, is intended to enter battery energy storage systems (BESS).

Conclusion

Karamtara’s FY26 capacity data identifies a split between more heavily used established lines and new or expanded facilities still operating below their stated annual potential. The 20.55% rate at the tubular wind-tower unit and 2.70% rate at Bhachau solar MMS do not establish the causes of low utilisation because both units began operating during FY26, but they show the amount of annual capacity not used under the company’s reported calculation.

The next disclosed development to watch is whether newer capacity gains operating time and production volume in FY27. Karamtara states that solar tracker piles and piers capacity at the Bhachau fungible facility increased in FY27, while additional lattice-tower capacity at that facility became operational in FY27, alongside the company’s plans for solar stamping parts, prefabricated structures and BESS.