Aether Industries Begins 15 MW Solar Project with Initial 5 MW

On June 30, 2024, Aether Industries in a stock exchange filing about the successful commissioning and operationalisation of a 5 MW Solar Power Plant on June 29, 2024. This development is part of a larger 15 MW Solar Power Project (Auto-Tracker Modules) under the Captive Power Producer (CPP) segment awarded to M/s. KPIG Energia Private Limited, a wholly-owned subsidiary of M/s. KPI Green Energy Limited.

The initial phase, comprising the 5 MW Solar Power Plant, is a crucial step in transitioning Aether Industries’ manufacturing facilities to renewable energy sources. This move is expected to yield substantial financial benefits, with the company projecting annual savings of approximately ₹60 million on electricity expenses. These savings will positively impact Aether Industries’ bottom line, demonstrating the financial viability of investing in sustainable energy solutions.

The remaining 10 MW of the project is scheduled for execution within the current fiscal year, 2024-25, and will be completed in phases. Aether Industries has committed to keeping stakeholders informed about the progress and operationalisation of these subsequent phases, ensuring transparency and accountability throughout the project’s completion.

Aether Industries’ investment in this solar power project is a testament to its dedication to sustainability and reducing its carbon footprint. By shifting its energy requirements to renewable sources, the company aligns with global environmental goals and enhances its operational efficiency. Using auto-tracker modules in the solar plant ensures optimal solar energy capture, maximising the plant’s efficiency and output.

The strategic partnership with KPIG Energia Private Limited underscores Aether Industries’ commitment to leveraging expertise in renewable energy to achieve its sustainability objectives. This collaboration ensures that the solar power project meets the highest standards of quality and efficiency.

About Aether Industries Ltd

Aether Industries Limited specialises in the manufacturing of speciality chemicals. The company is the only manufacturer in India of several chemicals, including 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), 4-(2-Methoxyethyl) Phenol (4MEP), Ortho Tolyl Benzo Nitrile (OTBN), Thiophene-2-Ethanol (T2E), Delta-Valerolactone, Bifenthrin Alcohol and N-Octyl-D-Glucamine.

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