Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products, plans to install a 7.82-MW capacity roof-top solar project at its forging plants in Sariekella and Dugni in Jamshedpur investing INR 35 crore. The project will be financed by a mix of debt and equity, the company said.
The power generated will be used for its captive consumption, reducing the company’s dependence on grid power. The project will help the company achieve its environmental, social, and governance (ESG) vision and contribute to the larger goal of achieving a sustainable future, the company said in a media release.
“We are delighted to announce our investment in this renewable energy project, which demonstrates our commitment to sustainability and ESG principles. We believe that this project will help us achieve our goal of carbon neutrality and marks a significant milestone in creating a cleaner, greener, and more sustainable future,” said Lalit Khetan, Executive Director and CFO, Ramkrishna Forgings Limited.