Gujarat-based pharmaceutical company Shree Ganesh Remedies Ltd. (SGRL) has commissioned a 2 MW solar power plant with auto-tracker modules on leased land in Gujarat furthering its commitment to sustainability.

The energy generated will be used for captive consumption by the company and it will be able to cover about 70 percent of the company’s power requirement.

The project is expected to generate annual savings of approximately INR 2 crore in electricity expenses and reinforces the company's commitment to sustainable manufacturing practices, the company stated in a regulatory filing.

“Our primary source of carbon footprint stems from the utilisation of purchased electricity and fuel. Although we cannot replace electricity with alternative forms of power, thus we have opted to progressively transition the source of our electricity from conventionally generated to cleaner and more efficient renewable resources,” the company stated in its SDG Progress Report 2023.

It further added that the company aims to make the entire process to be operated by green energy by 2030. Shree Ganesh Remedies has set a global carbon ambition to be carbon neutral in the year

Shree Ganesh Remedies Limited (SGRL), based in Ankleshwar, Gujarat, is a growing player in pharmaceutical intermediates and speciality chemicals, known for its innovation and research focus. Established in 2004, it serves 100+ global customers with advanced manufacturing facilities and has recently expanded into contract research and manufacturing.