Orient Bell Invests ₹1.07 Crore for Renewable Energy Supply
Orient Bell Limited has invested ₹1.07 Crores in renewable energy for its Gujarat plant. The company secured a 1.00 MW Wind Solar Hybrid Power grant, with supply starting September 1, 2026. This makes all three plants reliant on renewable energy, enhancing sustainable operations.
The investment in renewable energy is strategic and contributes to sustainability goals, but the immediate financial impact is not substantial enough to be considered high.
The company is investing in renewable energy, which is a positive step towards sustainability and reducing operational costs.
Orient Bell Limited (OBL) has announced an investment of ₹1.07 Crores through a strategic tie-up with Jamnagar Renewables Two Private Limited and other shareholders. This investment, made under a Power Consumption Agreement and Share Purchase and Shareholders Agreement, is for the generation and supply of renewable energy (Wind Solar Hybrid Power) for the company's captive consumption at its plant in Dora, Gujarat.
The company has received a medium-term open access grant for 1.00 MW of Wind Solar Hybrid Power, with supply expected to commence from September 1, 2026. This initiative ensures that all three of Orient Bell's manufacturing plants will utilize renewable energy upon commencement of the supply. This move aligns with the company's ongoing efforts to increase the use of clean energy, reduce reliance on conventional power sources, and maintain its focus on sustainable and energy-efficient operations.
A plain-language summary of a public exchange filing by Orient Bell Limited. Read the original for the full detail.