Jubilant Ingrevia forges key partnership with O2 Renewable to advance green energy initiatives
In a landmark move for sustainable manufacturing in India, Jubilant Ingrevia Limited has announced a strategic partnership with O2 Renewable Energy XVIII Private Limited, a subsidiary of O2 Power SG PTE. LTD, Singapore. This collaboration signifies a pivotal advancement towards the adoption of renewable energy sources, specifically through hybrid open access combining solar and wind power. The initiative aims to cater to the power needs of Jubilant Ingrevia’s manufacturing sites in Gajraula, Uttar Pradesh, and Savli, Gujarat, marking a key milestone in the company’s commitment to sustainability and reducing its environmental footprint.
Deepak Jain, CEO & Managing Director of Jubilant Ingrevia Limited, emphasized the importance of this partnership, stating, “Our collaboration with O2 Renewable demonstrates our commitment to sustainable practices, minimizing our ecological footprint and improving operational efficiency. This emphasizes the importance of fostering innovation and economic growth while contributing to a sustainable future.” This statement highlights the company’s dedication to integrating green energy solutions into its operations, aligning with global sustainability goals.
On the occasion, Parag Sharma, Founder and CEO of O2 Renewable, expressed his enthusiasm about the partnership, remarking, “We are delighted to partner with Jubilant Ingrevia, a global integrated life science products and innovative solutions provider, for the supply of green energy. This will enable them to take a significant step towards attaining their sustainable goals and offsetting their carbon emissions. We hope to expand this relationship in the near future and cater to the other facilities of the Jubilant Bhartia Group, helping them turn green and sustainable.”
Jubilant Ingrevia Limited has been recognized as an ESG leader, embarking on its sustainability journey in the early 2000s. The company has earned accolades in various ESG initiatives, underlining its commitment to environmental stewardship. With an ambitious target to achieve over 30% greening in the coming years, Jubilant Ingrevia is intensifying its focus on renewable energy sources. Initiatives are already underway at its Nira, Maharashtra facility, with plans to extend these efforts to its locations in Gajraula and Savli.
The adoption of renewable energy is not only environmentally beneficial but also offers economic advantages. It enables Jubilant Ingrevia to reduce power costs, thereby enhancing its competitive edge in the market. This move is part of the broader Jubilant Bhartia Group’s commitment to ESG principles and sustainable practices across its enterprises. The group promotes green initiatives within its operations and the broader community, leading the way in India’s transition towards sustainable manufacturing.
Jubilant Ingrevia Limited’s partnership with O2 Renewable Energy marks a significant step in the right direction for sustainable manufacturing and renewable energy adoption in India. This collaboration is a testament to the company’s pioneering role in integrating green energy solutions into its operations, setting a benchmark for the industry. By focusing on renewable sources such as solar and wind power, Jubilant Ingrevia is not only reducing its carbon footprint but also ensuring long-term operational efficiency and competitiveness. The initiative underscores the growing importance of sustainability in the corporate sector, encouraging other companies to follow suit in their environmental commitments.