Mohit Industries’ Bold Solar Move: Will This ₹111 Million Project Redefine Textile Sustainability?

Mohit Industries Ltd. has installed and commissioned a 3 MWDC solar power plant as part of its journey towards 

sustainability. The project EPC (Engineering, Procurement, and Construction) cost totals ₹111 million. The cutting-edge solar plant will significantly cut the company's carbon footprint as well as operation energy expenditure, in line with India's aggressive renewable energy goals.

 

The new solar plant will serve a large part of Mohit Industries' internal power demand, improving energy security and fostering long-term cost savings. The decision comes on the heels of the company's previous announcement of investing in solar infrastructure to achieve energy diversification and environmental sustainability.

 

Industry analysts point out that such investment not only makes environmental sense but also financial sense, in the light of increasing costs of traditional power and government encouragement for renewable use. Mohit Industries' move reflects the increasing tendency among Indian manufacturers to mainstream clean energy solutions into standard operations.

 

The shares of the company have proved to be resilient on the BSE and NSE, portraying investor confidence in its futuristic vision. Mohit Industries' solar project creates a benchmark for the sustainable manufacturing sector in the textiles industry.

 

Source: Moneycontrol, NSE, BSE, MarketScreener