Mumbai, Oct 1: Apparel brand Dollar Industries Limited has commissioned a 4 MW solar power plant at their manufacturing facility in Tirupur as part of its ‘Green Mission’ initiative. It has a capacity of generating 75 lakhs power units annually.
Vinod Kumar Gupta, Managing Director, Dollar Industries Limited, said the company has invested Rs 18 crores for the plant and the payback period is expected to be 5 years.
He said the company’s objective for installing the solar plant is to not only reduce costs but also make the spinning unit at Tirupur sustainable and self-reliant. To produce 1kg of cotton yarn, the cost of power — approximately Rs. 27-28 — is expected to feed almost 50% of the daily consumption at the spinning unit, besides the solar plant also curbing CO2 emissions by 9000kgs/per day with a sustainable environment.
Describing Dollar as a responsible corporate with substantial focus on environment friendly practices, he said the current pandemic situation highlighted the need to reduce costs while also creating a clean and eco-friendly manufacturing facility protecting the environment.
“We at Dollar have been making constant efforts to operate in an environmentally friendly and sustainable manner. By keeping a close watch on the development process, we mainly maximize the utilization of water, energy and our natural resources, safeguarding the earth by reducing our carbon footprints,” he said, adding that this project is in line with the company’s commitment to develop renewable production capabilities for quality products.
Noting that the solar plant has been commissioned by Indway Power Energy Pvt. Ltd., who is the EPC (Engineering, Procurement and Construction) partner from Coimbatore, Binay Kumar Gupta, Executive – Managing Director – Promoter said the power generated from the solar plant will be primarily used for the company’s spinning unit, while excess power will be utilized to feed the dyeing unit located at SIPCOT Industrial Park, Perundurai.
Bajrang Kumar Gupta, Executive – Whole Time Director – Promoter, Dollar Industries Limited said that in the past, the company has invested in superior quality manufacturing assets and utilized state-of-the-art technologies for developing environmentally sustainable work atmosphere.
“From installing a windmill for the manufacturing facility’s energy needs and utilizing Zero Discharge Water Treatment to recycle and reuse the water waste from the facility, Dollar Industries Limited has always integrated the environmental friendly initiative in its business practices – thus reducing costs and also conserving natural resources,” he said.
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