You are reading Entrepreneur India, an international franchise of Entrepreneur Media.
Jubilant Ingrevia Limited, a prominent Indian sustainable manufacturing company, has partnered with O2 Renewable Energy XVIII Private Limited (O2 Renewable), a group company of O2 Power, SG PTE. LTD, Singapore, the company announced on Tuesday.
According to the company, the partnership will provide access to renewable energy through a captive arrangement to meet the company's power requirements and generate renewable energy from green energy to power its manufacturing facilities in Gajraura, Uttar Pradesh, and Sabri, Gujarat. The aim is to meet increasing demand.
Commenting on this, Mr. Deepak Jain, CEO and Managing Director, Jubilant Ingrevia Limited said, “Our collaboration with O2 Renewable is a commitment to sustainable practices that minimize environmental impact and improve operational efficiency. “This highlights the importance of fostering innovation and economic growth while contributing.” Toward a sustainable future. ”
Meanwhile, Parag Sharma, Founder and Chief Executive Officer of O2 Renewable, said he would like to expand this relationship in the near future to cover other properties in the Jubilant Bhartia Group, and is committed to creating green and sustainable facilities. He said he wants to support the transformation.
“We are pleased to partner with Jubilant Ingrevia, a global integrated life science product and innovative solutions provider, for the supply of green energy. This will help the company achieve sustainability goals and reduce carbon emissions. It will enable us to take an important step towards offsetting volumes,” it added.
Jubilant Ingrevia is increasing its focus on green energy and has set an ambitious goal of becoming more than 30% greener in the coming years. The initiative has already started at a facility in Nila, Maharashtra and has now been extended to facilities in Gajraula and Sabri.
