Dollar Industries sets up solar power plant for captive power consumption

KOLKATA: City based innerwear company Dollar Industries Limited on Thursday commissioned a 4 MW solar power plant at their manufacturing facility in Tirupur.

The move is part of the company's ‘green mission’ initiative and has a capacity of generating 75 lakh power units annually. The company has invested Rs 18 crore for the plant and the payback period is expected to be 5 years.

Installation of the solar plant will not only help the company reduce costs but also make its Tirupur spinning unit self-reliant.

To produce 1kg of cotton yarn, the cost of power is approximately Rs 27-28 which is expected to feed almost 50% of the daily consumption at the spinning unit. Moreover, the solar plant will help in curbing the CO2 emissions by 9000kgs/per day with a sustainable environment.

Sharing his thoughts, Dollar Industries managing director Vinod Kumar Gupta said: “In the current pandemic situation, it is imperative to reduce costs and at the same time also create a clean and eco-friendly manufacturing facility."

Power generated from the solar plant will primarily used for our spinning unit. Excess power will be utilized to feed the dyeing unit, which is located at SIPCOT Industrial Park, Perundurai.

“By keeping a close watch on the development process, we mainly maximize the utilization of water, energy and our natural resources, safeguarding the earth by reducing our carbon footprints," he added.

The solar plant has been commissioned by Indway Power Energy, who is the EPC (engineering, procurement and construction), partner from Coimbatore.

The company has a substantial pan-India presence and has established its presence in global markets also, especially in countries like UAE, Oman, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Nepal, and Sucall over the past few years.