Strategic Initiative: Solar Power Expansion
Euro Panel Products Limited has officially launched operations at its new 2.2 MW grid-connected solar facility in Moti Falod, Surat. This commissioning completes the third phase of a multi-year energy expansion program, bringing the company's total operational captive solar capacity to 3.6 MW.
Operational and Financial Impact
The new solar infrastructure allows EUROBOND to offset 50% of its total factory power requirements through captive solar energy, representing a significant scale-up from its previous 20% offset capability. The plant is designed to generate 30 lakh units of clean electricity annually, reducing reliance on conventional power grids and eliminating carbon emissions associated with coal-based electricity.
Project Timeline and Capacity Expansion
The solar expansion program began with an initial 520 kW installation in 2020, expanded to 1.4 MW in 2024, and now reaches 3.6 MW total capacity with the latest facility fully operational.
Complementary Sustainability Initiatives
The company operates comprehensive Zero Liquid Discharge operations with in-house sewage and effluent treatment facilities that have reclaimed over 1,322,500 liters of treated water over the last six months. This water is utilized for site gardening, greenbelt maintenance, and general facility requirements, ensuring zero industrial wastewater leaves the premises.
Market Positioning and Certification Benefits
The operational clean energy setup and water reclamation systems provide environmental benchmarks that help architects and project planners achieve green building certifications under the Indian Green Building Council framework, enhancing the company's competitive positioning in low-carbon building materials.
Management Commentary
Mr. Divyam Shah, Whole Time Director and CFO of Euro Panel Products Limited, stated: "Sustainability has always been embedded in EUROBOND's culture and the way we approach manufacturing. Every investment we make in renewable energy and resource conservation reflects our long-term commitment to building a more responsible and resilient business. Expanding our captive solar infrastructure to 3.6 MW is an important milestone in that journey, strengthening our ability to manufacture more efficiently while reducing our carbon footprint and conserving natural resources."
Additional Infrastructure Investments
The company has expanded its in-house laboratory's NABL accreditation scope from 16 to 51 parameters covering coil, coating, core, ACP, and MCP, supporting Extended Producer Responsibility compliance and Indian Green Building Council membership requirements.