
Business Update30 Jun 2024, 04:15 pm
Aether Industries Commissions 5 MW Solar Power Project, Saving Rs. 60 Million Annually
AI Summary
Aether Industries Ltd has executed and commissioned a 5 MW Solar Power Project (Auto-Tracker Modules) Facility. This facility will be used for the operation and manufacturing facilities of the company and is expected to save approximately Rs. 60 million annually towards the electricity expense. The remaining execution of the 15 MW Solar Power Project is scheduled to be completed in the current FY 2024-25. This move is a step forward towards the company's commitment to sustainability by switching the energy requirement of the company's manufacturing facilities to renewable energy sources.
Key Highlights
- Aether Industries commissions 5 MW Solar Power Project
- Project to save approximately Rs. 60 million annually
- Remaining execution scheduled for current FY 2024-25
- Project a step towards company's commitment to sustainability
- Solar power to be used for operation and manufacturing facilities