In a bid to fulfil its commitment to achieving carbon neutrality through investment in renewable energy, Ramkrishna Forgings has announced its plans to install a 7.82mW roof-top solar project at its existing forging plants in Sariekella and Dugni at Jamshedpur.
A press release from the company noted that the total cost of the project is estimated to be approximately INR 35 crore, which will be financed by a mix of debt and equity.
Upon completion of the project, the power generated will be used for its captive consumption, reducing the company's dependence on grid power.
The project will help the company achieve its environmental, social, and governance (ESG) vision and contribute to achieving a sustainable future.
Lalit Khetan, Executive Director and CFO, Ramkrishna Forgings, said, “We believe that this project will help us achieve our goal of carbon neutrality and marks a significant milestone towards creating a cleaner, greener, and more sustainable future.”
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