Live
The Cigarettes-to-hotel conglomerate ITC Ltd has commissioned its first offsite solar plant at Dindigul in Tamil Nadu. Built for Rs 76 crore, the plant will help reduce carbon dioxide emissions by the group’s businesses.
The 14.9 megawatt (MW) plant spread over 59 acres will generate over twenty-two million renewable energy units annually for ITC’s hotels, food manufacturing plants, paper manufacturing, and printing and packaging factories in Tamil Nadu.
- LNG Buyers Turn to US as Qatar Supply Disrupts
- Iran Plans Transit Tolls on Strait of Hormuz
- Swiggy Adds Multilingual Voice Ordering with Sarvam
- Jet Fuel Up 105%; Airlines Seek Relief on Airport Charges
- OpenAI Ends Sora Support, Winds Down Disney Deal
The plant has helped ITC meet 90 per cent of its electricity requirement from renewable sources in Tamil Nadu. ITC’s renewable portfolio comprises 138 MW of wind power plants and 14 MW of Solar plants with 53MW of additional solar capacity under execution. Recently, projects are also underway in other renewable energy sources like biomass boilers. The company has made more than Rs 1000 crore in renewable energy assets.
Stock Covered in the news
