Jubilant Ingrevia Ltd has recently entered into a power purchase agreement with O2 Power to supply renewable energy to its SEZ Bharuch manufacturing facility in Gujarat. This deal is set to meet 50 percent of the facility’s total energy requirements. The company’s shares closed at ₹675.95, up by ₹3.25 or 0.48 percent on the NSE on Wednesday.
This agreement follows similar arrangements made by Jubilant Ingrevia for its manufacturing facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, with renewable energy supply expected to commence in April 2025. With this new contract in place, over 35 percent of Jubilant Ingrevia’s overall energy needs across all manufacturing facilities will be fulfilled through renewable sources.
CEO & Managing Director of Jubilant Ingrevia Limited, Deepak Jain, highlighted the company’s commitment to driving sustainability and sustainable business practices through successful partnerships with O2 Power. Parag Sharma, Founder and CEO of O2 Power, also expressed excitement about extending their partnership with Jubilant Ingrevia.
The Bharuch manufacturing facility of Jubilant Ingrevia was recently acknowledged by the World Economic Forum as a Global Manufacturing Lighthouse for its digital transformation efforts aimed at enhancing efficiencies and environmental sustainability.
Jubilant Ingrevia is a globally integrated Life Sciences & Speciality Chemicals company, offering over 130 products to pharmaceutical, nutrition, agrochemical, consumer, and industrial customers across 50 plants in India.
