Cipla adds capacity of captive renewable energy power plant in Maharashtra -; Karnataka

2 Jun 2022 , 09:58 AM

Cipla Limited announced the commercial operation of additional capacity of a captive renewable energy power plant in Maharashtra & Karnataka.

Cipla had commissioned a 30 MWp solar project at Tuljapur in Jan 21, and now further added 16 MWp of solar capacity for supplying renewable energy for its manufacturing units/ facilities in Maharashtra.

The company commissioned these projects in partnership with AMP Energy India and is among one of the largest solar open access projects in the state set up by a corporate.

This project will support the Company’s green energy requirements for its manufacturing units at Kurkumbh & Patalganga and R&D center at Vikhroli in Maharashtra, replacing around 70% of total consumption for these units with green energy.

In Karnataka wind-solar hybrid captive power plant with a capacity of 9 MWp solar + 2.7 MVA of wind has been commissioned in partnership with CleanMax Enviro Energy Solutions. This project will leverage in migrating 85% of the power required to renewable sources for its manufacturing units in Karnataka.

In FY22, the company has sourced a total of 68,200 mWh of renewal power for its operation across India, leading to 56,000 tons of Co2 reductions.

Cipla is currently trading at Rs989.90 up by Rs6.75 or 0.69% from its previous closing of Rs983.15 on the BSE. The scrip opened at Rs989.90 and has touched intraday high and low of Rs1,006.85 and Rs977.05 respectively.