Saint-Gobain Sekurit India Approves ₹24.6 Million Green Power Investment in Radiance MH Sunshine

Saint-Gobain Sekurit India Ltd has announced board approval for a revised investment of up to ₹24.6 million in Radiance MH Sunshine, reaffirming its commitment to sustainable operations and green energy sourcing. This strategic move is part of the company’s broader initiative to reduce its carbon footprint and secure reliable renewable power for its manufacturing operations.

 

Revised Investment Approved:

The Board of Directors of Saint-Gobain Sekurit India has approved an investment not exceeding ₹24.6 million (₹2,45,34,000) in Radiance MH Sunshine Private Limited. This investment is aimed at sourcing green power for the company’s operations, supporting its sustainability goals and aligning with global ESG standards.

 

Green Power Sourcing Strategy:

The partnership with Radiance MH Sunshine will enable Saint-Gobain Sekurit India to access renewable energy, reducing dependency on conventional power sources and lowering overall carbon emissions. The agreement will be executed upon completion of statutory requirements, with further updates to be provided once finalized.

 

Sustainability Commitment:

This investment reflects Saint-Gobain Sekurit India’s ongoing efforts to integrate sustainable practices into its core business, in line with the parent group’s global vision for environmental stewardship and responsible manufacturing.

 

Operational and Financial Context:

The company, a leading manufacturer in the glass sector, has shown steady financial performance despite a challenging market environment, with a net profit jump of 22.75% in Q3 FY25 and a healthy dividend payout history. The green power initiative is expected to further enhance operational efficiency and cost savings over the long term.

 

Industry Trend:

Indian manufacturing companies are increasingly investing in renewable energy partnerships to meet regulatory requirements, manage energy costs, and appeal to environmentally conscious stakeholders. Saint-Gobain Sekurit India’s move positions it as a proactive leader in this sector trend.

 

Insight

Saint-Gobain Sekurit India’s revised investment in Radiance MH Sunshine underscores its strategic focus on sustainability and operational resilience. By securing green power, the company not only reduces its environmental impact but also future-proofs its energy needs amid evolving regulatory and market demands. This step is likely to enhance its reputation among investors and customers, setting a benchmark for ESG-driven growth in the Indian manufacturing sector.

 

Source: Economic Times, INDmoney