Synergy Green Industries has successfully commissioned 2 MW of Captive Solar projects. This is estimated to take care the electricity requirement for 3,000 MT of production (10% of present capacity). Further 8 MW installations are planned during FY 2024-25.
These installations will help the company in achieving decarbonization goals, reduce the electricity costs and also hedge against future power tariff escalations. Presently, the company is spending around 8% on power costs and with completion of 10 MW installations, it is estimated to bring down these costs to 6% (at PBDIT levels).
Synergy Green Industries is engaged in the business of foundry, like manufacturing of castings, industrial castings, turbine castings, metal castings, steel castings and Windmill Parts.
