Sangam India Invests In Green Energy For Captive Power Needs
Sangam (India) Limited, one of India’s leading textile manufacturers, has entered into agreements to acquire a stake in CGE II Hybrid Energy Private Limited, marking a strategic move to secure renewable power for its manufacturing operations in Rajasthan.
The company announced that its Investment and Borrowing Committee has approved and executed a Power Consumption Agreement with CGE II Hybrid Energy Pvt. Ltd. The acquisition aims to ensure a stable and sustainable energy supply under a captive power arrangement, aligning with Sangam’s broader sustainability and cost-efficiency goals.
The company stated that the move will help reduce dependence on conventional energy sources, cut power costs and lower its carbon footprint, in line with the government’s thrust on renewable energy adoption in the industrial sector.
Sangam (India) Limited, headquartered in Bhilwara, Rajasthan, is among India’s leading integrated textile producers, engaged in the manufacture of yarn, fabrics, and garments, with a strong domestic and international presence.
