Daily News Wrap-Up: Solar Helps Textile and Ceramic Firms Save ₹152 Million Yearly

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June 18, 2025

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Taking the green route, four companies from the textile and ceramic industries have cumulatively saved ₹152.26 million (~$1.7 million) since 2024 by procuring power from a 21.5 MW solar project. With the volatility of energy prices, these energy-intensive companies sought ways to reduce their energy costs. Due to the challenges involved in procuring power from open-access power projects, textile manufacturers Omax Cotspin and Fiotex Cotspin, and ceramic companies Agritex Enterprises and Antique Marbonite decided to procure power from a group captive power project at Soladi village in Gujarat.

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