Cipla adds renewable energy captive power plant capacity in Maharashtra and Karnataka

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Cipla Limited has announced the commercial operation of additional capacity from a captive renewable energy power plant in Maharashtra and Karnataka.

Cipla had commissioned a 30 MWp solar project in Tuljapur on January 21, and has now added 16 MWp of solar capacity to supply renewable energy to its manufacturing units/facilities in Maharashtra.

The company commissioned these projects in partnership with AMP Energy India and is among the largest open solar access projects in the state by a company.

This project will support the company’s green energy needs for its manufacturing units at Kurkumbh & Patalganga and its R&D center at Vikhroli in Maharashtra, replacing approximately 70% of the total consumption of these units with green energy.

In Karnataka, a captive wind-solar hybrid power plant with a capacity of 9 MWp solar + 2.7 MVA of wind power has been commissioned in partnership with CleanMax Enviro Energy Solutions. This project will benefit from the migration of 85% of the required electricity to renewable sources for its manufacturing units in Karnataka.

In FY22, the company supplied a total of 68,200 mWh of renewable energy for its operations across India, resulting in a reduction of 56,000 tonnes of CO2.

Cipla is currently trading at Rs989.90 up Rs6.75 or 0.69% from its previous close of Rs983.15 on BSE. The certificate opened at Rs989.90 and hit the intraday high and low of Rs1,006.85 and Rs977.05 respectively.

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