+
HLE Glascoat partners with CleanMax to source renewable energy
POWER & RENEWABLE ENERGY

HLE Glascoat partners with CleanMax to source renewable energy

HLE Glascoat, a leading manufacturer of equipment for the chemical and pharmaceutical industries, has partnered with Clean Max Enviro Energy Solutions (CleanMax) to procure power from captive renewable energy projects. The collaboration includes a 2.31 MW solar and 3.3 MW wind project to be developed in Gujarat.

As part of the agreement, HLE Glascoat has acquired a 26% equity stake in Clean Max Anchorage by purchasing 26,000 shares for Rs 26,000 at Rs 10 per share.

This initiative aligns with HLE Glascoat's ongoing efforts to reduce its carbon footprint. The company has already implemented renewable energy solutions, including three wind projects totalling 2.25 MW in Gujarat and Madhya Pradesh and a solar project in Maroli, Gujarat. In FY 2023-24, HLE Glascoat sourced 6.29% of its energy needs from renewable sources, achieving a 9.5% reduction in grid electricity consumption.

The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

HLE Glascoat, a leading manufacturer of equipment for the chemical and pharmaceutical industries, has partnered with Clean Max Enviro Energy Solutions (CleanMax) to procure power from captive renewable energy projects. The collaboration includes a 2.31 MW solar and 3.3 MW wind project to be developed in Gujarat. As part of the agreement, HLE Glascoat has acquired a 26% equity stake in Clean Max Anchorage by purchasing 26,000 shares for Rs 26,000 at Rs 10 per share. This initiative aligns with HLE Glascoat's ongoing efforts to reduce its carbon footprint. The company has already implemented renewable energy solutions, including three wind projects totalling 2.25 MW in Gujarat and Madhya Pradesh and a solar project in Maroli, Gujarat. In FY 2023-24, HLE Glascoat sourced 6.29% of its energy needs from renewable sources, achieving a 9.5% reduction in grid electricity consumption. The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code