Shree Ganesh Remedies Ltd (SGRL) has commissioned a 2.5 MW solar power project, a major milestone in its dedication to sustainable practices. This initiative follows the company's earlier disclosed intentions to invest in renewable resources.
Major points:
1.2.5 MW solar power project operational
2.Overshot initial 2 MW goal stated in earlier reports
3.Par of SGRL's wider sustainability program
4.Helps bring down the carbon footprint of the company
The solar initiative will see a huge decrease in SGRL's dependency on grid power, which is mostly powered by coal and gas. This act is in line with the aim of the company to reach carbon neutrality by 2024-25 and be carbon negative by 2026-27, as indicated in their latest carbon footprint report.
SGRL's investment in solar energy shows it is environmentally conscious while possibly saving on long-term energy expenses, aiding its expansion in pharmaceutical intermediates and specialty chemicals business.
Sources: Company Regulatory Filing, SGRL Carbon Footprint Report, March 25, 2025