Jubilant Ingrevia Ltd partners with O2 Power to Source Renewable Energy for its SEZ Bharuch Manufacturing Facility

Jubilant Ingrevia Limited, a globally integrated Life Sciences & Speciality Chemicals company, has taken a significant step towards enhancing its renewable energy footprint by signing a power purchase agreement with O2 Power through its wholly owned subsidiary Jubilant Infrastructure Limited for its SEZ Bharuch Manufacturing Facility. This agreement reinforces the Company's commitment to sustainability through the adoption of green energy. The contract comes one year after carrying out the same exercise at its manufacturing facilities in Savli, Gujarat and Gajraula, Uttar Pradesh for which supply is scheduled to begin in April 2025.

Commenting on this development, Deepak Jain, CEO & Managing Director, Jubilant Ingrevia Limited said, "Our continued successful partnership with O2 Power showcases our commitment to drive sustainability and sustainable business practices. This agreement for our Bharuch Manufacturing Facility will enable that 50% of the facility's total power requirement comes from Renewable Energy to be used in its operations. By integrating renewable energy at our state-of-the-art Bharuch Manufacturing Facility, Jubilant Ingrevia Limited has taken another significant step toward reducing carbon footprint and contributing to accelerating India's transition to clean, sustainable energy while delivering long-term value to our partners."

This is a significant step towards making Company's Bharuch manufacturing facility green.

With the signing of this contract over 35% of Jubilant Ingrevia's over-all energy requirement at all manufacturing facilities will be met through renewable energy.

Speaking on this occasion, Parag Sharma, Founder and CEO, O2 Power said, "We are thrilled to continue our partnership with Jubilant Ingrevia Limited to provide renewable energy to their Bharuch Manufacturing Facility. This is in addition to the successful, ongoing execution for their facilitiesin Savli and Gajraula. By supplying reliable, renewable energy, we are not only supporting Jubilant Ingrevia Limited's sustainability goals but are also contributing significantly towards a greener, low-carbon future."

As an ESG leader, Jubilant began its journey in the early 2000s, consistently ranking as a topperforming chemical company in initiatives such as the S&P DJSI, TFS, Ecovadis, the CDP Climate Change program and the Responsible Care certification. The Company is now focusing on transitioning to the use of clean energy, with the introduction of renewables being a key aspect of its broader sustainability efforts, alongside initiatives like biomass energy. The World Economic Forum (WEF) recently recognised Jubilant Ingrevia Limited's Bharuch manufacturing facility as a Global Manufacturing Lighthouse, the only chemical company in the 2024 cohort, for its commitment to digital transformation, so as to enhance efficiencies, further environmental sustainability and ensure a positive societal impact.

Shares of Jubilant Ingrevia Limited was last trading in BSE at Rs. 677.95 as compared to the previous close of Rs. 675.20. The total number of shares traded during the day was 7005 in over 853 trades.

The stock hit an intraday high of Rs. 687.10 and intraday low of 667.95. The net turnover during the day was Rs. 4747123.00.

Source : Equity Bulls

Keywords

JubilantIngrevia INE0BY001018 SpecialtyChemicals RenewableEnergy PPA O2Power JubilantInfrastructgure SEZBharuch