Dollar Industries commissions 4 MW solar power plant at their manufacturing facility in Tirupur. The solar plant is a part of Dollar’s ‘Green Mission’ initiative and has a capacity of generating 75 lakhs power units annually. Their objective for installing the solar plant is not only reduce costs but also make the spinning unit at Tirupur sustainable and self-reliant. Cost of power to produce 1 kg of cotton yarn, is approximately Rs 27-28 which is expected to feed almost 50% of the daily consumption at the spinning unit. Moreover, the solar plant will help in curbing the CO2 emissions by 9,000 kgs/day with a sustainable environment.
Sharing his thoughts about the initiative, Vinod Kumar Gupta, MD, Dollar Industries stated, “We 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. This project is in line with Dollar’s commitment to develop renewable production capabilities to develop quality products for our consumers.”
During the inauguration, Binay Kumar Gupta, Executive MD– Promoter stated, “The solar plant has been commissioned by Indway Power Energy, who is the EPC (Engineering, Procurement and Construction) partner from Coimbatore. The power generated from the solar plant will primarily be used for our spinning unit. In case of excess power will be utilized to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai.”
Bajrang Kumar Gupta, Executive – Whole Time Director – Promoter, Dollar Industries said, “In the past, the company has invested in superior quality manufacturing assets and have utilized state-of-the-art technologies for developing environmentally sustainable work atmosphere. Dollar Industries has always integrated the environmentally friendly initiative in its business practices. These help us to not only reduce costs but also conserve the natural resources.”
Dollar Industries Limited has invested INR 18 crores for the plant and the payback period is expected to be 5 years.
