Hi-Tech Pipes Limited has recently informed exchanges that the company started utilizing 5 MW of captive green power, sourced from rooftop solar and open access agreements. This increases their total solar power use to 13.5 MW. This move fits in with the company’s ESG aims and is projected to result in significant financial benefits.
In the exchange filing, the company also shared, “The initiative prominently features 3 MW sourced through Group Captive open access Solar Project, complemented by a newly established 1 MW rooftop solar plant at its Sanand Unit II Phase 1, enabling the company to harness renewable energy directly on-site. With this latest development, Hi-Tech Pipes’ total solar power consumption has reached 13.5 MW, positioning the company to achieve significant reductions in energy costs while making notable strides toward its Environmental, Social, and Governance (ESG) objectives.”
