Dollar bets on Solar @ Tirupur

Will meet half of plant’s power needs

The solar plant will help in curbing the CO2 emissions by 9000kgs/per day with a sustainable environment.

TIRUPUR, Oct 1 (BNC Network): Apparel brand Dollar Industries has commissioned a 4 MW solar power plant at their manufacturing facility in Tirupur. The Rs 18 crore solar plant is a part of Dollar’s ‘Green Mission’ initiative and has a capacity of generating 75 lakhs power units annually and the payback period is expected to be 5 years.

Dollar’s objective for installing the solar plant is to not only reduce costs but also make the spinning unit at Tirupur sustainable and 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.

Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “We have always been a responsible corporate with a substantial focus on environment friendly practices. With the current pandemic situation, it is imperative to reduce costs and at the same time also create a clean and eco-friendly manufacturing facility protecting the environment. We at Dollar have been making constant efforts to operate in an environmentally friendly and sustainable manner.”

“By keeping a close watch on the development process, we mainly maximize the utilization of water, energy and our natural resources, safeguarding the earth by reducing our carbon footprints. This project is in line with Dollar’s commitment to develop renewable production capabilities to develop quality products for our consumers”, added Mr. Vinod Kumar Gupta.

Binay Kumar Gupta, Executive - Managing Director – Promoter said, “The solar plant has been commissioned by Indway Power Energy Pvt. Ltd., who is the EPC partner from Coimbatore. The power generated from the solar plant will primarily be used for our spinning unit. In case of excess power will be utilized to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai.

Bajrang Kumar Gupta, Executive - Whole Time Director – Promoter, Dollar Industries Limited said, “In the past, the company has invested in superior quality manufacturing assets and have utilized state-of-the-art technologies for developing environmentally sustainable work atmosphere. From installing a windmill for the energy needs of the manufacturing facility, utilizing Zero Discharge Water Treatment, to recycle and reuse the water waste from the facility, Dollar Industries Limited has always integrated the environmental friendly initiative in its business practices. These help us to not only reduce costs but also conserve the natural resources.”

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