Dollar Industries sets up solar power plant for captive power consumption
KOLKATA: City based innerwear company Dollar Industries NSE 3.98 % Limited on Thursday commissioned a 4 MW solar power plant at their manufacturing facility in Tirupur.
The move is part of the company’s ‘green mission’ initiative and has a capacity of generating 75 lakh power units annually. The company has invested Rs 18 crore for the plant and the payback period is expected to be 5 years.
Installation of the solar plant will not only help the company reduce costs but also make its Tirupur spinning unit self-reliant.
To produce 1kg of cotton yarn, the cost of power is approximately Rs 27-28 which is expected to feed almost 50% of the daily consumption at the spinning unit. Moreover, the solar plant will help in curbing the CO2 emissions by 9000kgs/per day with a sustainable environment.
