Sumeet Industries Adds 4.20 MW Captive Wind Power to Reduce Energy Costs
Surat (Gujarat) [India], December 16: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), One of the leading integrated polyester manufacturers engaged in the production of PET Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturised Yarn, has announced its decision to secure long term renewable power for its operations through participation in a [...]
Surat (Gujarat) [India], December 16: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), One of the leading integrated polyester manufacturers engaged in the production of PET Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturised Yarn, has announced its decision to secure long term renewable power for its operations through participation in a captive wind energy project. The initiative is aimed at reducing energy costs, ensuring reliable green power supply, and supporting the Company’s sustainability and ESG objectives. This is in addition to the Company’s already commissioned 14 MW solar power capacity.
The Board of Directors considered and approved the execution of a definitive agreement for participation in a captive renewable energy project, under which the Company will access around 4.20 MW of renewable wind power through the captive consumption route. The project is expected to enhance power cost efficiency and reduce dependence on conventional energy sources.
