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INOX Air Products Ties up with TP Saurya Bandita to Establish 40 MW Solar Plant in Maharashtra

This plant project will help INOXAP anticipated to minimise 48,000 tonnes estimates of carbon emissions per year.

April 05, 2023. By EI News Network

INOX Air Products has inked an agreement with TP Saurya Bandita Ltd to establish a 40 MW captive solar plant at Dhule in the state of Maharashtra.

INOX Air Products stated that the power project with a potential of 40MWp, would serve and deliver to the energy requirements of the air seggregation units managed by INOXAP in Maharashtra.

This plant project will help INOXAP anticipated to minimise 48,000 tonnes estimates of carbon emissions per year.

INOXP's long-run plan to diminish dependency on fossil fuels, lessen the carbon footprint which generate green medical and industrial gases.

As per industrial estimates, generally an investment of around INR 5 crore is needed to establish 1 MW of solar capacity.

Speaking about the historic development, Siddharth Jain, Managing Director – INOX Air Products added, “Running our operations in a sustainable and responsible fashion has always been a top priority at INOXAP. This is a significant step towards our long-term strategy to reduce our dependency on fossil fuels and lower our carbon footprint by 48,000 tons. We have always endeavored to live our vision through our business strategy and through our efforts to protect the environment and ensure a greener future, and that is what has inspired us to make Green Industrial Gases. We look forward to make the most of this association, and fetch maximum benefits, for the environment as well as for our stakeholders.”

Speaking on the partnership, Ashish Khanna, CEO, Tata Power Renewable Energy Ltd said, “We are delighted to partner with INOX Air Products and leverage our expertise in renewable energy to create a dedicated captive solar plant in Maharashtra. This consolidates our position as one of the best companies to partner with, for green energy needs and we are looking forward to long and sustainable relationship with INOX”.

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