Sumeet Industries, a leading polyester manufacturer in India, has announced plans to secure long-term renewable power for its operations through a 4.20 MW captive wind energy project.
The initiative is aimed at reducing energy costs, ensuring a reliable supply of green power, and strengthening the company’s sustainability and ESG commitments. It will complement Sumeet Industries’ existing 14 MW solar power capacity. To facilitate the project, the company’s Board of Directors has approved the acquisition of up to a 26 per cent equity stake in Bajrang Green Energy One, a newly incorporated special purpose vehicle established to generate wind power in Gujarat.
Bajrang Green Energy One will operate under the captive open access model and has not yet commenced commercial operations. Subject to the receipt of regulatory approvals, the supply of wind power to Sumeet Industries is expected to begin by March 2026. The project is expected to improve power cost efficiency and reduce dependence on conventional energy sources.
News by Rahul Yelligetti.