Dollar Industries Limited, one of the leading apparel brands in India, has commissioned a 4 MW solar power plant at its manufacturing facility in Tirupur.
The solar plant is a part of the company’s ‘Green Mission’ initiative and has a capacity of generating 75 lakhs power units annually.
The firms’ 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 1 kg of cotton yarn, the cost of power is approximately Rs 27-28 which is expected to feed almost 50 percent of the daily consumption at the spinning unit.
Moreover, the solar plant will help in curbing CO2 emissions by 9000 kgs/per day with a sustainable environment.
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.”
The solar plant has been commissioned by Indway Power Energy, which is an EPC (Engineering, Procurement and Construction) partner from Coimbatore.
The power generated from the solar plant will primarily be used for the firm’s spinning unit.
In case of excess power will be utilised to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai.
The firm has stated that it has invested Rs 18 crore for the plant and that the expected payback period is 5 years.