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Century Plyboards (India) Ltd. (CPIL) is looking to cut costs and boost profitability by harnessing solar power at its units. It has already set up a one MW power plant at Chennai and is planning to add 4 MW across its various plants. Sajjan Bhajanka, chairman, CPIL, said in a statement that this was among the cost-cutting measures initiated by the company.
The company has manufacturing units in Kolkata, Chennai, Guwahati, Karnal, Kandla, Hoshiarpur, Myanmar and Laos, positioning itself as a one-stop brand offering plywood, MDFs, particle boards, PVC boards fibre cement boards and face-veneers. The company also operates a container freight station.
More solar capacity
Sanjay Agarwal, managing director, told The Hindu that while Rs. 5 crore has been invested in the Chennai solar unit, CPIL has earmarked about Rs. 35 crore this fiscal for setting up more solar capacities. Its total daily power requirement was 20 MW and annual saving of Rs. 5 crore was envisaged through the harnessing of solar energy. Rooftop solar panels would be installed at Guwahati, Karnal, Kolkata and Hoshiarpur with a six-year payback period.
Source : https://www.thehindu.com/todays-paper/tp-business/century-plyboards-to-harness-solar-power/article24972161.ece
