Arvind Invests In Hybrid Power Project For Carbon Neutrality

Arvind Limited has entered into an agreement with Torrent Green Energy and its subsidiary, Torrent Urja 28 Pvt Ltd (TUPL), to acquire a 26% equity stake in a 20 MW hybrid wind-solar power project. The initiative aims to provide Arvind with approximately 60% of its total electricity from renewable sources post-commissioning.

Key highlights of the agreement include:

• Cost Efficiency: Arvind will purchase power at a favorable Rs 5 per unit, which is expected to result in significant savings compared to grid power. The payback period for the investment is estimated to be under 2 years.
• EBITDA Enhancement: The project is projected to improve Arvind’s consolidated EBITDA margin by 30-40 basis points by FY27.
• Turnkey Execution: Torrent Green Energy will oversee the project’s execution, including the installation, commissioning, operations, and securing regulatory approvals.
• Project Timeline: The hybrid power project is expected to be completed within 17 months, tentatively by Q3 FY27.

This initiative reinforces Arvind’s goal of achieving carbon neutrality while bolstering self-reliance in energy sourcing, optimizing costs, and reducing its carbon footprint. With this project, Arvind takes a major step towards fulfilling its long-term environmental objectives.