The Cigarettes-to-hotel conglomerate ITC Ltd has commissioned its first offsite solar plant at Dindigul in Tamil Nadu. Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.
The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million renewable energy units annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in Tamil Nadu.
- EAM S Jaishankar to Visit US from 24th to 29th December
- Elon Musk’s X Raises Premium+ Subscription Prices by 35% in India and Beyond
- Starbucks Workers Expand Strike Across Major US Cities, Including New York
- India’s GST on Popcorn Sparks Outrage
- Unimech Aerospace and Manufacturing IPO GMP Today, Lot Size & Key Finance
The plant has helped ITC meet 90 per cent of its electricity requirement from renewable sources in Tamil Nadu. ITC’s renewable portfolio comprises 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution. Recently, projects are also underway in other renewable energy sources like biomass boilers. The company has made more than Rs 1000 crore in renewable energy assets.
Stock Covered in the news