Jubilant Ingrevia Partners with O2 Power for Renewable Energy at Bharuch Facility

Jubilant Ingrevia Limited, a global Life Sciences and Specialty Chemicals company, has signed a power purchase agreement with O2 Power to use renewable energy at its SEZ Bharuch Manufacturing Facility in Gujarat. This agreement, made through its subsidiary Jubilant Infrastructure Limited, aligns with the company’s commitment to sustainability.

50% Energy from Renewable Sources

Under this deal, 50% of the total power needed for the Bharuch facility will come from renewable energy. This move follows similar agreements for Jubilant Ingrevia’s manufacturing sites in Savli, Gujarat, and Gajraula, Uttar Pradesh, which will start receiving green energy from April 2025.

Commitment to Sustainability

Deepak Jain, CEO & Managing Director of Jubilant Ingrevia, stated that the company is dedicated to sustainable business practices. He emphasised that integrating renewable energy at Bharuch is a significant step in reducing carbon emissions while supporting India’s transition to clean energy.

Increasing Green Energy Usage

With this new contract, more than 35% of Jubilant Ingrevia’s total energy consumption across all manufacturing facilities will come from renewable sources.

O2 Power’s Continued Collaboration

Parag Sharma, Founder and CEO of O2 Power, expressed enthusiasm about extending their partnership with Jubilant Ingrevia. He noted that supplying renewable energy to the Bharuch facility, along with the ongoing projects in Savli and Gajraula, supports the company’s long-term sustainability goals and contributes to a greener future.

Jubilant Ingrevia’s Sustainability Leadership

Jubilant Ingrevia has been a leader in ESG (Environmental, Social, and Governance) initiatives since the early 2000s. It has consistently ranked among top-performing chemical companies in sustainability ratings like S&P DJSI, Ecovadis, and the CDP Climate Change program. The company is now focusing on using more clean energy, including renewable sources and biomass.

Recently, the World Economic Forum (WEF) recognised Jubilant Ingrevia’s Bharuch facility as a Global Manufacturing Lighthouse, making it the only chemical company in the 2024 cohort. This recognition highlights its efforts in digital transformation, sustainability, and societal impact.

About Jubilant Ingrevia Limited

Jubilant Ingrevia is a leading Life Sciences and Specialty Chemicals company serving the pharmaceutical, nutrition, agrochemical, consumer, and industrial markets. It offers over 130 products and customised solutions that meet global quality standards.

As of 2:25 PM IST on March 12, Jubilant Ingrevia share price was trading at ₹675.90, up ₹3.20 (0.48%) for the day. The stock opened at ₹676.45, reached a high of ₹677.45, and touched a low of ₹662.60. Earlier in the day, at 10:55 AM, it was trading at ₹670.05.

Conclusion

Jubilant Ingrevia’s latest renewable energy initiative strengthens its ESG leadership while advancing India’s green energy transition. With over 35% of its total energy now sourced from renewables, the company continues to drive sustainability through innovation.

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