Ramkrishna Forgings to Install 7.82 MW Roof-top Solar Projects at its Plants

Kolkata, India – Ramkrishna Forgings Ltd, one of the leading suppliers of rolled, forged, and machined products, has recently announced a significant step towards fulfilling its commitment to achieving carbon neutrality through an investment in renewable energy. The company plans to install a 7.82 MW-capacity roof-top solar project at its existing forging plants in Sariekella and Dugni at Jamshedpur. Upon completion of the project, the power generated will be used for captive consumption, reducing the company's dependence on grid power. The project will help the company achieve its environmental, social, and governance (ESG) vision and contribute to the larger goal of achieving a sustainable future.

The total cost of the project is estimated to be approximately INR 35 crore, which will be financed by a mix of debt and equity. The investment in this renewable energy project reflects the company’s commitment to responsible business practices and its dedication to reducing its carbon footprint.

Lalit Khetan, Executive Director & CFO, Ramkrishna Forgings Ltd, commented, “We are delighted to announce our investment in this renewable energy project, which demonstrates our commitment to sustainability and ESG principles. We believe that this project will help us achieve our goal of carbon neutrality and marks a significant milestone towards creating a cleaner, greener, and more sustainable future.”

Image Source: Magic Wand Media

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