On the renewable energy front, the Company has instaled solar roof tops of around 1.53 MW, and is also working on off-taking of green power from solar group captive park for its group plants. For the same, a power purchase agreement is under finalization. The Company is in discussion with various power producers, who are physically present and have set up, or are at the final stage of finishing, renewable energy plants in the Karnataka region. This will fetch us significant savings in energy cost and will also help us reduce our business’ carbon footprint.
*MWh (megawatt-hour) Units generated from installed capacity from April 2020 to March 2021
**Tonne of CO2 saved owing to electricity generation from solar panels from April 2020 to March 2021
The Company has a clear and transparent environmental stance. The energy department in place ensures that only energy efficient equipment are used within the Company. Furthermore, we plan on cutting down our energy usage plant-wise every year, and in line with this, we identify the pain points, which are then eliminated horizontally within the Company.
The Company launched a ‘Save Water’ campaign, which focuses on limiting water usage and also multiplying the efficiency of the available resources within the firm. Addressing the grave issue of water scarcity, the Company encouraged employees to curb their use of water. In addition, the Company invested in facilities and replacements for auxiliary equipment to recycle the water that would otherwise have been discarded.