Homeauto News

    Maruti goes green: 5MW solar power plant to be set up at Gurugram facility

    Maruti goes green: 5MW solar power plant to be set up at Gurugram facility

    Maruti goes green: 5MW solar power plant to be set up at Gurugram facility
    Profile image

    By CNBC-TV18  IST (Updated)

    Mini

    The company said in its press release that foundation stone has been laid for a 5 MW Solar Power plant at its Gurugram facility.

    India’s largest carmaker Maruti Suzuki India Limited is getting ready to harness solar power for manufacturing cars at its Gurugram facility. The company has laid the foundation stone for a 5 MW solar unit.
    The facility is expected to be commissioned in the current fiscal year and will offset CO2 emissions to the tune of over 5,390 tonnes annually for the next 25 years, the company said in a press release.
    Maruti is expected to invest around Rs 24 crore to set up the project, which will be its second grid-based solar power plant. The previous plant, which was set up in 2014 at Manesar plant, has a capacity of 1.3 MW.
    Speaking about Maruti’s commitment towards green power, MD and CEO Kenichi Ayukawa said solar energy is abundant, versatile and efficient. “This solar power initiative is in line with the company’s philosophy to adopt environment-friendly technologies and lower CO2 emissions. Through this facility we will harness renewable energy for our business needs over the next 25 years," he said.
    The carmaker has been committed to several energy-saving initiatives deepening its dependence on renewable sources of energy that now account for 95 percent of its total energy use.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng