Business Update18 Oct 2024, 01:26 am
Aether Industries Saves Rs. 60 Million Annually with 10 MW Solar Power Plant Operational
AI Summary
Aether Industries Ltd has announced the execution and commissioning of a further 5 MW Solar Power Project (Auto-Tracker Modules) under the Captive Power Producer (CPP) segment. This development brings the total operational solar power capacity to 10 MW, helping the company save approximately Rs. 60 million annually in electricity expenses and contributing to the bottom line. The remaining execution of the 15 MW project is expected to be completed and announced in the coming month. This achievement aligns with the company's commitment to sustainability by switching its energy requirements to renewable energy sources.
Key Highlights
- Aether Industries commissions 5 MW Solar Power Plant, bringing the total operational capacity to 10 MW
- The operational solar power plant is expected to save the company approximately Rs. 60 million annually
- The project is a part of the company's 15 MW Solar Power Project under the Captive Power Producer (CPP) segment
- The remaining execution of the project is scheduled to be completed and announced in the coming month
- The company continues its commitment to sustainability by switching to renewable energy sources