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Garware Hi-Tech Films Ltd Bags Silver at India Green Manufacturing Challenge Award 2020-21

Posted On: 2021-09-21 22:21:06 (Time Zone: IST)

Mumbai Headquartered Garware Hi-Tech Films Ltd. (GHFL), India's largest manufacturer of Sun Control films, 3rd largest brand in USA & Europe for automotive sun control films and the only company to make Paint Protection Films (PPF) for vehicles in India, has won silver medal at India Green Manufacturing Challenge Award 2020-21 hosted by International Research Institute for Manufacturing (IRIM) for its Chikalthana plant at Aurangabad.

Ms. Monika Garware, Vice-Chairperson and Jt. Managing Director, GHFL observed, "I am extremely delighted that GHFL has bagged this award as sustainability is core to our vision of making our planet healthier. The endorsement from IMIR underlines GHFL's consistent efforts in reducing carbon footprint & our commitment to manufacture products in one of the most sustainable manners."

Fully aligned to UN's Sustainable Development Goals 2030 of Climate Action (SDG #13), GHFL has created many sophisticated and well-designed programs that enable technology to blend in with various innovations to achieve zero waste. GHFL is fully compliant with product testing and certifications requirements for supporting sustainable and green movements for various global applications.

India Green Manufacturing Challenge (IGMC) is an award platform that assesses and evaluates the units which exhibit sustainable Green Manufacturing Processes on their journey to inclusive growth. The winners of the award are the companies who have exhibited excellence in the adoption of Green Processes beyond the standards and have established a new benchmark for others to follow.

The India Green Manufacturing Challenge (IGMC) Awards 2020-21 was focused on encouraging manufacturers to adopt greener, more environmentally responsible solutions for manufacturing to help future generations live on a healthy planet. It applied a Green Manufacturing Framework comprising of four elements (human, input, operations, and product) based on which the entrants were evaluated for the awards. In the previous IGMC Awards listed organizations like (Reliance Industries, Hindustan Unilever, Aditya Birla Group, Tata Group companies, JSW Steel, Larsen and Toubro, ITC, Sun Pharmaceuticals etc) have been recognized.

GHFL has been innovating on 'Green Fuel' Biomass briquettes used for steam generation to further reduce environmental impact. The company has enhanced its reproducibility, safety and sustainability through installations of advanced technologies. GHFL's screw press technology is one such example that eliminates use of sludge drying beds in the Effluent Treatment Plant (ETP) reducing the ground water contamination and air pollution due to its vaporization. GHFL uses processes like blowdowns to convert liquid to solid wastes with reduced efforts in handling and disposal of wastes. Using environment friendly films used in consumer product packing, has also made post-consumer recycling much easier.

Shares of GARWARE HI-TECH FILMS LIMITED was last trading in BSE at Rs. 967.65 as compared to the previous close of Rs. 990.35. The total number of shares traded during the day was 14516 in over 729 trades.

The stock hit an intraday high of Rs. 990 and intraday low of 953. The net turnover during the day was Rs. 14055472.

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