In recent years, there has been a growing recognition of the importance of sustainable practices in the corporate world. One sector that has been making significant strides towards sustainability is the Indian textile industry. Amid concerns about energy consumption, carbon emissions, and environmental impact, several leading Indian textile companies have taken the initiative to invest in solar power as a means to reduce their carbon footprint and promote sustainable growth. Sharing some of the recent investments announced.
Welspun has taken significant strides towards renewable energy adoption. The company has allocated Rs. 571 million towards capital expenditure (Capex) for the establishment of a 30 MW Solar Power Plant at their Anjar facility. This sizeable investment underlines their commitment to sustainable practices and energy diversification, which will ultimately contribute to reducing their environmental impact.
Ambika Cotton Mills has set a remarkable example by entering into a definite proposal to install a Solar Power Plant with a capacity of 8.334 MW. This solar plant will be situated on the rooftops of their manufacturing plants located in Dindigul, Tamil Nadu. The project comes at an estimated cost of Rs. 39.08 crores and is designed for captive consumption. Once completed, it is projected to generate approximately 1.157 crores units of electricity annually. This not only reduces the company’s reliance on conventional energy sources but also contributes significantly to the reduction of their carbon emissions.
Sportking, a renowned name in the textile sector, has adopted a proactive approach to renewable energy integration. By bringing an additional 10 MW of rooftop solar power capacity online, their aggregate capacity now stands at an impressive 20 MW. This transition not only underscores their commitment to sustainable operations but also highlights the financial benefits that come with it. The remaining 5 MW, set to be operationalized by September, will further enhance their cost-saving initiatives and contribute to a greener energy profile.
Century Enka has adopted a strategic approach to harnessing renewable energy by entering into a power purchase agreement for hybrid (wind and solar) power. With a capacity of 10.5 MW, this initiative adheres to group captive norms and is centered around their Bharuch plant. By diversifying their energy sources, Century Enka is taking proactive steps towards sustainability and reducing their carbon footprint.
Indo Count, a significant player in the textile industry, has recognized the importance of energy management in its sustainability efforts. With a dual approach of reducing and recycling energy, the company has shifted a part of its energy source from thermal to renewable sources. Through the installation of solar panels, approximately 4.92 million units of electricity are generated annually. Moreover, Indo Count’s innovative practices include a biogas plant for internal energy consumption and various energy conservation measures aimed at reducing their carbon footprint.
Dollar Industries has embraced a commitment to sustainability by investing Rs. 35 crores in capital expenditure for solar power generation. This move is expected to yield 6 MW of power, not only reducing operational costs but also enhancing overall margins. As part of their responsible manufacturing processes, Dollar Industries continues to implement environmentally friendly practices, with a focus on reducing their carbon footprint.
The Indian textile industry’s growing inclination towards renewable energy sources, particularly solar power, demonstrates a commendable commitment to sustainable growth. These companies’ investments in solar power plants and renewable energy sources are not only aligned with global environmental goals but also make strong business sense by improving operational efficiency and reducing long-term operational costs. As these companies lead the way, they inspire others within the industry to embrace similar practices, fostering a more sustainable and environmentally conscious textile sector in India.
