Kiri Industries Ltd has achieved two major milestones: its unit received approval under the Production Linked Incentive (PLI) scheme for white goods, and the company secured a letter of intent (LOI) for a hybrid power project worth ₹1.01 billion. These developments highlight Kiri’s diversification into sustainable energy and manufacturing growth.
Kiri Industries Ltd, a leading chemicals and dyes manufacturer, announced significant progress on both its manufacturing and energy fronts. The company’s unit has received approval under the Production Linked Incentive (PLI) scheme for white goods, a government initiative aimed at boosting domestic manufacturing and reducing import dependence.
In addition, Kiri Industries has secured a letter of intent (LOI) for a hybrid power project valued at ₹1.01 billion. The project will integrate renewable and conventional energy sources, enhancing efficiency and supporting India’s clean energy transition.
These twin developments reflect Kiri’s strategic diversification, combining industrial growth with sustainability. The company aims to leverage government incentives while building resilience through energy efficiency and innovation.
Key Highlights:
-
PLI Approval: Unit cleared under the scheme for white goods manufacturing.
-
Hybrid Power Project: LOI worth ₹1.01 billion secured.
-
Strategic Focus: Diversification into sustainable energy and manufacturing expansion.
-
Operational Impact: Strengthens efficiency, reduces import dependence, and supports long-term growth.
-
Industry Context: Aligns with India’s push for self-reliance and clean energy adoption.
Kiri Industries’ latest moves position it as a forward-looking player balancing industrial growth with sustainability.
Sources: Business Standard, Moneycontrol, Economic Times