Tirupur/Kolkata, 1stOctober, 2020: Dollar
Industries Limited, one of the leading apparel brands in India, commissioned a
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.
Dollar’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 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 9000kgs/per day with a
sustainable environment.
Sharing
his thoughts about the initiative, Mr.
Vinod Kumar Gupta, Managing Director, Dollar Industries Limited stated, “We
have always been a responsible corporate with a substantial focus on environment
friendly practices. With the current pandemic situation, it is imperative to
reduce costs and at the same time also create 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. This project is in line with Dollar’s
commitment to develop renewable production capabilities to develop quality
products for our consumers”, added Mr. Vinod Kumar Gupta.
During
the inauguration, Mr. Binay Kumar Gupta,
Executive - Managing Director – Promoter stated, “The solar plant has been
commissioned by Indway Power Energy Pvt. Ltd., who is the EPC (Engineering,
Procurement and Construction) partner
from Coimbatore. The power generated from the solar plant will primarily 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.
Mr. Bajrang Kumar Gupta, Executive - Whole Time Director –
Promoter, Dollar Industries Limited 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. From installing a windmill for the energy needs of
the manufacturing facility, 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. 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.
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