Bright Move—Wonder Lights Up Roorkee with 640 kW of Sunshine

Image Source: Dr Vijay Malik

Wonder Electricals Ltd (NSE: WOND.NS) has set up a 640-kilowatt solar power generation facility at its Roorkee manufacturing plant, in a major move towards the company's green initiative drive. This is part of a broader plan to reduce operational costs and carbon emissions at its manufacturing plants.

1. Project Highlights

The Roorkee unit, in Raipur Industrial Area, Bhagwanpur, Uttarakhand, now shelters the recently commissioned 640-kW solar power plant.
At the same time, a 110-kW solar system has also been installed at the firm's Haridwar unit.
These solar installations are likely to considerably reduce electricity consumption, leading to long-term cost savings and environmental friendliness.

2. Strategic Implication

The solar rollout is part of Wonder Electricals' eco-friendly manufacturing and energy self-sufficiency philosophy.
The company looks to monitor and report the performance statistics of the solar farms, including power generation and financial contribution, in the form of regulatory reports.
This move aligns with India's national mission under the Renewable Energy Mission and net-zero aspirations.

3. Company Snapshot

Wonder Electricals is a leading OEM and ODM solutions provider for consumer durable fan companies with a growing focus on sustainable operations.
The company has been expanding its manufacturing horizon and investing in clean energy infrastructure to future-proof its operations.

Sources: MarketScreener, Business Upturn, Wonder Electricals