Business Update4 Mar 2024, 07:58 pm
Akshar Spintex Ltd to Install Solar Power System Aims for Sustainable Growth
AI Summary
Akshar Spintex Ltd, a leading textile company, has announced the installation of a Solar Ground Mounted System with a capacity of 7000 KVA, in collaboration with Onix Renewable Limited. The initiative is expected to yield annual cost savings of 8.00 to 9.00 Crore rupees and qualify for government subsidies. The company views sustainability as an integral part of its ethos and believes that responsible business practices pave the way for a brighter, cleaner, and more prosperous future.,
Key Highlights
- Akshar Spintex Ltd to install solar power system
- Expected annual cost savings of 8.00 to 9.00 Crore rupees
- Collaboration with Onix Renewable Limited
- Initiative aligns with the company's mission to reduce carbon footprint and promote energy efficiency
- Qualifies for government subsidies and incentives