Ami Organics Celebrates Full Commissioning of 10.8 MW Solar Power Plant, Driving Sustainability and Cost Savings

Ami Organics Limited (AMI) (BSE: 543349, NSE: AMIORG), a leading global manufacturer of advanced pharmaceutical intermediates and specialty chemicals, proudly announces the full commissioning of its 10.8 MW DC solar power plant - a significant milestone in its journey toward sustainability and energy independence. The solar facility, located at Pratapnagar, Nandod, Narmada District, Gujarat, India, comprises two captive solar plants, each with a capacity of 5.4 MW.

Speaking on this significant achievement, Mr. Naresh Patel, Chairman and Managing Director of Ami Organics Limited, stated: "The successful commissioning of our 10.8MW solar power plant marks a crucial step in our journey towards a greener and more sustainable future. This project not only strengthens our commitment to environmental responsibility but also enhances our operational efficiency and cost-effectiveness. With our continued investment in renewable energy, we aim to make substantial progress in reducing our dependence on conventional power sources and moving towards a cleaner, and more sustainable energy portfolio."

This achievement aligns with the company's strategic sustainable business goals and growth plans. As earlier approved by Board of Directors, Ami Organics outlined an ambitious target to establish a total solar power plant capacity of 15.80 MW. With the 10.8 MW plant now fully operational, Ami Organics' has made substantial progress toward this goal, reinforcing its commitment to sustainable energy practices.

The newly commissioned solar plant is projected to deliver substantial annual cost savings by meeting majority of the electricity requirements for the Company's Ankleshwar and Jhagadia units in Gujarat. In addition to the 10.8 MW plant, Ami Organics' is actively developing another 5 MW solar power plant. This project, expected to be completed in the near term, will fulfill the electricity needs of the Sachin unit of Surat, Gujarat. Once operational, these combined efforts will ensure that most of the company's present electricity requirements across its key facilities are met through renewable energy sources.

This paradigm shift to green energy sources underscores Ami Organics' commitment in reducing its carbon footprint and operational costs while aligning with the national net zero goals.

Shares of Ami Organics Ltd was last trading in BSE at Rs. 2475.50 as compared to the previous close of Rs. 2525.90. The total number of shares traded during the day was 15733 in over 2056 trades.

The stock hit an intraday high of Rs. 2552.20 and intraday low of 2350.00. The net turnover during the day was Rs. 38247465.00.

Source : Equity Bulls

Keywords

AmiOrganics SolarPowerPlant Commissioned EnergyIndependence