Dollar Industries inaugurates solar plant in Tirupur
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 Dollarâ€™s â€˜Green Missionâ€™ initiative and has a capacity of generating 75 lakh power units annually.
Dollar Industries, 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 Dollarâ€™s â€˜Green Missionâ€™ initiative and has a capacity of generating 75 lakh power units annually.
Dollarâ€™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 1 kg of cotton yarn, the cost of power is approximately Rs 27-28, which is expected to feed almost 50 per cent of the daily consumption at the spinning unit. Moreover, the solar plant will help in curbing the CO2 emissions by 9,000 kg/per day with a sustainable environment.
Sharing his thoughts about the initiative, Vinod Kumar Gupta, Managing Director, Dollar Industries, stated, â€œWe 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.â€
â€œBy 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 Dollarâ€™s commitment to develop renewable production capabilities to develop quality products for our consumersâ€, added Mr. Vinod Kumar Gupta.
During the inauguration, Binay Kumar Gupta, Executive – Managing Director â€“ Promoter stated, â€œThe solar plant has been commissioned by Indway Power Energy, 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 utilised to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai.
Bajrang Kumar Gupta, Executive – Whole Time Director â€“ Promoter, Dollar Industries, said, â€œIn the past, the company has invested in superior quality manufacturing assets and have utilised state-of-the-art technologies for developing environmentally sustainable work atmosphere. From installing a windmill for the energy needs of the manufacturing facility, utilising zero discharge water treatment, to recycle and reuse the water waste from the facility, Dollar Industries 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.â€
Dollar Industries has invested Rs 18 crore for the plant and the payback period is expected to be five years.