Sundaram Multi Pap Ltd takes Positive Step Towards Sustainability with Installation of Solar Roof Panels

Sundaram a leader in the paper stationery business in India, proudly announces the successful installation of state-of-the-art solar roof panels at its Palghar factory spread over 4 acres. This initiative marks a significant milestone in the company's commitment to environmental sustainability and reducing its carbon footprint.

The newly installed solar panels will generate clean, renewable energy annually, significantly reducing Sundaram's reliance on non-renewable energy sources. This green energy initiative is projected to cut carbon emissions and is equivalent to planting hundreds of trees.

Hardik Shah (CEO), expressed their enthusiasm for the project: "At Sundaram, we are committed to doing our part in addressing climate change and fostering a sustainable future. The installation of solar roof panels is not just an investment in renewable energy, but a testament to our responsibility toward the environment and the communities we serve."

The project aligns with Sundaram's broader sustainability goals. The panels were installed in the last upgrade phase, and as on today are working in the best productive format.

The solar panel installation was carried out in partnership with Polaris Renewable Solutions Pvt. Ltd. a trusted provider of renewable energy solutions. Their expertise ensured the seamless integration of solar technology into Sundaram's existing infrastructure, minimizing disruption and maximizing efficiency.

Key Benefits of the Solar Panel Installation:

- Reduced energy costs, enabling Sundaram to reinvest savings into [research, innovation, community programs, etc.].

- Enhanced resilience against fluctuating energy prices.

Shares of Sundaram Multi Pap Limited was last trading in BSE at Rs. 1.22 as compared to the previous close of Rs. 1.22. The total number of shares traded during the day was 20661 in over 81 trades.

The stock hit an intraday high of Rs. 1.22 and intraday low of 1.18. The net turnover during the day was Rs. 24840.00.

Source : Equity Bulls

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