Skip to content

Surya Roshni invested ₹16 crore in setting up captive solar power plants

Surya Roshni invested ₹16 crore in setting up captive solar power plants
Surya Roshni invests ₹16 crore in captive solar power plants to expand renewable energy capacity

SUMMARY

Surya Roshni has taken a step towards cleaner operations by spending ₹16 crore on setting up captive solar power plants. This financial investment includes 3 manufacturing plants as integral components of its sustainability and renewable energy efforts. With the implementation of this measure, the multi-national manufacturing entity expects to lower its carbon footprint. It helps to boost the proportion of clean energy used in its operations.

Plant capacities and environmental impact

The solar plants are newly commissioned and spread across 3 manufacturing sites of the company in various parts of India. The facilities are located at Malanpur, Madhya Pradesh, Kashipur, Uttarakhand, and Bahadurgarh, Haryana. 

These solar arrangements, when aggregated, give a total capacity of 4 MWp. The collective capacities of the units at the Kashipur plant and the Malanpur plant are 1.5 MWp and 1.5 MWp, respectively, while the plant operating in Bahadurgarh has a capacity of 1 MWp.

From a structural perspective, these captive solar electricity facilities feature a clever blend of ground-mounted and rooftop installations. This is a structural approach that is selected in order to achieve enhanced energy efficiency at the company’s enterprise-level manufacturing network. 

In terms of estimated electricity generation, the Kashipur facility and the Malanpur facility are estimated to produce almost 1.8 million units of electricity per year each. The Bahadurgarh plant is modeled to generate approximately 1.2 million units of electricity. The 3 facilities create nearly 4.8 million units of renewable energy annually when combined together.

See also  betterhood raises ₹5 crore seed funding led by Kairon Capital to build India’s first comprehensive  preventive pain care ecosystem 

This renewable energy project not only produces clean power but also offers environmental benefits. The installation of these systems is hoped to mark a significant decrease in the company’s annual carbon emissions. The reduction in emissions is expected to be around 3,936 tonnes of CO2.

Chairman’s vision and current investment

In his observation, Padma Shri Jai Prakash Agarwal, Chairman of Surya Roshni, stated that sustainability is embedded in the practices and plans of businesses like Surya Roshni. The setting up of captive solar plants in their manufacturing units is a clear expression of their commitment towards responsible manufacturing and environmental management, he said. 

The Chairman stated that the company is currently managing its growth process while still being equally committed to reducing its carbon emissions and using renewable sources of energy. The project was termed by him as yet another important step towards the creation of a green future.

The amount of investment is ₹16 crore and indicates that the company has taken yet another step towards its sustainability process as part of the initiatives of Surya Roshni. The company has been optimizing its energy efficiency parameters year after year. It has also persistently aimed to use available resources optimally and modern technologies that facilitate environmentally compatible development of the firm’s business portfolio.

Looking at the broader picture of the business, Surya Roshni was started in the year 1973. Since its creation, it has expanded to include several lines of business. The company offers a wide range of products such as lighting, consumer durables, wires and cables, fans, home appliances, PVC pipes, water pumps, water tanks, and steel pipes, etc. 

See also  Pharmaceutical Packaging Startup Sorich Raises $1M in Pre-IPO Funding from BizDateUp 

The company has 5 manufacturing facilities in India to support its production demand. It has a commercial reach that extends to over 50 countries of the world. The company has a solid financial background with annual revenue of over ₹7500 crore. Surya Roshni is known as the largest exporter of ERW steel pipes in India due to its size.

Conclusion

With this investment of ₹16 crore in captive solar power plant installation, Surya Roshni takes a key step towards sustainable manufacturing practices. The company’s installations, spread all over Malanpur, Kashipur and Bahadurgarh, generate clean electricity of approximately 4.8 million units per annum through rooftop and ground-mounted applications. The proactive move would cut down carbon emissions by about 3,936 tonnes of CO2 annually, and further underscore the long-term environmental vision of its leadership. The project is a testament to the ability of a large diversified manufacturer to blend growth with responsible environmental management.

Note: We at scoopearth take our ethics very seriously. More information about it can be found here.