MoneyWorks4Me

Hi-Tech Pipes commences 5 MW of captive green power utilization

17 Oct 2024 Evaluate

Hi-Tech Pipes has commenced 5 MW of captive green power utilization, sourced from its rooftop solar installation and open access agreements. This strategic move enhances the company’s commitment to sustainability and reinforces its leadership in environmentally responsible manufacturing.

The initiative prominently features 3 MW sourced through Group Captive open access Solar Project, complemented by a newly established 1 MW rooftop solar plant at its Sanand Unit II Phase 1, enabling the company to harness renewable energy directly on-site. With this latest development, the company’s total solar power consumption has reached 13.5 MW, positioning the company to achieve significant reductions in energy costs while making notable strides toward its Environmental, Social, and Governance (ESG) objectives.

Hi-Tech Pipes - an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.


Peers
Company Name CMP
JSW Steel 1297.95
Tata Steel 190.75
Steel Authority 185.60
Jindal Stainless 758.40
APL Apollo Tubes 2194.30
View more..