ITC has started its first offsite solar plant at Dindigul in Tamil Nadu, set up at an investment of Rs 76 crore. The 14.9 MW solar plant will help reduce CO2 emissions over the course of its lifetime and has already helped ITC meet 90 per cent of its electricity requirement from renewable sources in Tamil Nadu.
As part of its ‘Sustainability 2.0’ project ITC plans to meet 100 per cent of the entire grid electricity requirements from renewable sources by 2030 and contribute meaningfully to combat the threat of climate change. The company's renewable energy portfolio comprises 138 MW of wind power plants and 14 MW of solar plants with 53 MW of additional solar capacity under execution.
ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.