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Mahindra & Mahindra has invested Rs.16 crore to replace LED lights at 18 manufacturing sites in collaboration with the state run Energy Efficiency Services Limited (EESL).
Both parties signed an agreement towards the project, that expects saving 20 million units of electricity per annum.
As per a joint statement, ” This collaboration is EESL’s first private sector engagement to promote energy efficient appliances in a working space and is aimed at encouraging private sector to adopt energy efficient appliances.”
M&M will invest Rs.16 crore for the project and EESL will provide technical assistance, cost efficient procurement and project management services.
