IOL Chemicals secures national energy conservation award 2011

IOL Chemicals And Pharmaceuticals Ltd. | Pharmaceuticals & Drugs | Healthcare | BSE: 524164 | NSE: IOLCP

15 Dec 2011 Evaluate

IOL Chemicals and Pharmaceuticals (IOLCP), producers of APIs, Ibuprofen and specialty chemicals has once again won the National Energy Conservation Award 2011. The company has won the second prize in chemical sector for its continued efforts towards new technology implementation so as to conserve energy resources of the country.

It is worth noting that winning the National Energy Conservation Award 2011 has enabled IOLCP to hold the distinction to have won the national energy conservation awards consecutively for seven years. IOLCP has won the second prize of National Energy Conservation Award every year since 2005.

The national energy conservation awards are given every year by the Ministry of Power, Government of India, to industrial units, office buildings, hotels and hospitals, zonal railways, state designated agencies, municipalities, and manufacturers of BEE Star labeled appliances that have made commendable efforts in energy conservation in their respective fields.

Apart from the energy conservation initiatives at IOLCP, the company is also actively involved in protection and preservation of the environment in and around its manufacturing units. The company’s environmental policy includes sustained efforts towards minimizing adverse environmental impact by controlling emission, effluents and waste generation at its manufacturing units in order to prevent pollution and reduce its carbon footprint.

The company also emphasizes on optimum utilization of resources through model business practices that include diligent recovery of solvents, improvement in the yields, energy and water. The company also invests regularly in continuously upgrading its Environment Management System (EMS) and its operating standards to comply with applicable legalization and regulations.

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