Apollo Tyres secures green power for its facility

To meet its sustainability targets, Apollo Tyres is ensuring green power for its largest manufacturing facility in Chennai. It has invested a total sum of Rs.93 million in CSE Deccan Solar, for a 27.2 per cent equity, to get a guaranteed supply of 40 mn units of electricity per annum for this facility. Commenting on this, Sunam Sarkar, President and Chief Business Officer, Apollo Tyres Ltd. said, “The solar power that we are securing with this investment, will help us become self-sufficient for our power requirements for critical equipment, and strengthen our commitment towards carbon emissions reduction.” With the supply of solar power to Apollo Tyres’ Chennai facility commencing in July this year, the company is looking at cost savings through this deal with ‘Cleantech Solar’.