Business Update17 Oct 2024, 03:32 pm
Hi-Tech Pipes Ltd Commences 5 MW Captive Green Power Utilization
AI Summary
Hi-Tech Pipes Ltd, a leading Steel Tubes and Pipes manufacturing company in India, has announced the commencement of 5 MW of captive green power utilization. This move is a strategic reinforcement of the company's commitment to sustainability and environmentally responsible manufacturing. The power is sourced from a 3 MW Group Captive open access Solar Project and a new 1 MW rooftop solar plant at its Sanand Unit II Phase 1. This development brings Hi-Tech Pipes' total solar power consumption to 13.5 MW, significantly reducing energy costs and contributing to the company's ESG objectives. The Government of India's mission for zero carbon emissions by 2070 aligns with Hi-Tech Pipes' green energy initiatives.
Key Highlights
- Hi-Tech Pipes Ltd commences 5 MW of captive green power utilization.
- Power sourced from a 3 MW Group Captive open access Solar Project and a new 1 MW rooftop solar plant.
- Total solar power consumption reaches 13.5 MW, leading to significant energy cost savings.
- Initiative contributes to the company's Environmental, Social, and Governance (ESG) objectives.
- Hi-Tech Pipes' initiatives align with the Government of India's mission for zero carbon emissions by 2070.