Ramkrishna Forgings Takes Strides Towards Carbon Neutrality With 7.82 MWp Solar PV Project

Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products is to announce significant strides towards its commitment to achieving carbon neutrality through a strategic investment in renewable energy, the company on Friday announced through an exchange filing.

The company had collaborated with Prozeal Green Energy Private Limited (PROZEAL) for the installation of a 7.82 MWp Solar PV Project at Unit 5 and Unit 6&7. Out of the total 7.82 MWp capacity, 5.2 MWp solar capacity is operational at the site. The balance 2.62 MWp is expected to be operational shortly.

PROZEAL is a leading Solar EPC Company with a track record of serving over 200 customers across various sectors and an installed capacity exceeding 1 GW.

Lalit Kumar Khetan, Whole Time Director & CFO, Ramkrishna Forgings Limited said, "Our decision to invest in renewable energy and collaborate with PROZEAL reflects our dedication to environmental responsibility and sustainability. This solar project is a pivotal step in reducing our carbon footprint, and we are excited about the positive impact it will have on our environmental goals."

Ramkrishna Forgings Limited shares

The shares of Ramkrishna Forgings Limited on Friday at 2:15 pm IST were trading at Rs 756.80, down by 0.54 percent.

Published on: Friday, November 24, 2023, 02:23 PM IST