Jubilant Ingrevia Ltd announced on Wednesday a power purchase agreement with O2 Power to provide renewable energy for its SEZ Bharuch manufacturing facility in Gujarat. The deal will meet 50 per cent of the facility’s total energy requirements.
The shares of Jubilant Ingrevia closed at ₹675.95, up by ₹3.25 or 0.48 per cent on the NSE on Wednesday.
This agreement comes one year after similar arrangements for the company’s manufacturing facilities in Savli, Gujarat and Gajraula, Uttar Pradesh, with renewable energy supply scheduled to begin in April 2025.
With this new contract, over 35 per cent of Jubilant Ingrevia’s overall energy needs across all manufacturing facilities will be fulfilled through renewable sources.
“Our continued successful partnership with O2 Power showcases our commitment to drive sustainability and sustainable business practices,” said Deepak Jain, CEO & Managing Director of Jubilant Ingrevia Limited.
Parag Sharma, Founder and CEO, O2 Power, expressed enthusiasm about extending their partnership with Jubilant Ingrevia.
Digital efforts
The Bharuch manufacturing facility was recently recognised by the World Economic Forum as a Global Manufacturing Lighthouse for its digital transformation efforts aimed at enhancing efficiencies and environmental sustainability.
Jubilant Ingrevia is a globally integrated Life Sciences & Speciality Chemicals company with over 130 products serving pharmaceutical, nutrition, agrochemical, consumer, and industrial customers across 50 plants in India.
