HLE Glascoat partners with CleanMax to source renewable energy
POWER & RENEWABLE ENERGY

HLE Glascoat partners with CleanMax to source renewable energy

HLE Glascoat, a leading manufacturer of equipment for the chemical and pharmaceutical industries, has partnered with Clean Max Enviro Energy Solutions (CleanMax) to procure power from captive renewable energy projects. The collaboration includes a 2.31 MW solar and 3.3 MW wind project to be developed in Gujarat.

As part of the agreement, HLE Glascoat has acquired a 26% equity stake in Clean Max Anchorage by purchasing 26,000 shares for Rs 26,000 at Rs 10 per share.

This initiative aligns with HLE Glascoat's ongoing efforts to reduce its carbon footprint. The company has already implemented renewable energy solutions, including three wind projects totalling 2.25 MW in Gujarat and Madhya Pradesh and a solar project in Maroli, Gujarat. In FY 2023-24, HLE Glascoat sourced 6.29% of its energy needs from renewable sources, achieving a 9.5% reduction in grid electricity consumption.

The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

HLE Glascoat, a leading manufacturer of equipment for the chemical and pharmaceutical industries, has partnered with Clean Max Enviro Energy Solutions (CleanMax) to procure power from captive renewable energy projects. The collaboration includes a 2.31 MW solar and 3.3 MW wind project to be developed in Gujarat. As part of the agreement, HLE Glascoat has acquired a 26% equity stake in Clean Max Anchorage by purchasing 26,000 shares for Rs 26,000 at Rs 10 per share. This initiative aligns with HLE Glascoat's ongoing efforts to reduce its carbon footprint. The company has already implemented renewable energy solutions, including three wind projects totalling 2.25 MW in Gujarat and Madhya Pradesh and a solar project in Maroli, Gujarat. In FY 2023-24, HLE Glascoat sourced 6.29% of its energy needs from renewable sources, achieving a 9.5% reduction in grid electricity consumption. The partnership with CleanMax highlights the increasing trend of companies transitioning to renewable energy to meet sustainability goals. CleanMax has been active in similar collaborations, including developing a 125.4 MW wind-solar hybrid project for Google and a 33 MW renewable energy project for Equinix to power their Indian operations. (Mercom)

Next Story
Infrastructure Urban

Honeywell Unveils AI Tools to Enhance Green Hydrogen Efficiency

"Honeywell has introduced Honeywell Protonium, a comprehensive suite of advanced technologies driven by artificial intelligence (AI) and machine learning (ML), aimed at improving the efficiency, scalability, and cost-effectiveness of green hydrogen production. The technology is designed to address key industry challenges such as power intermittency, high production costs, and carbon intensity, thereby facilitating the wider adoption of clean hydrogen as a sustainable energy source.The first deployment of Honeywell Protonium will take place at Aternium, a US-based large-scale clean hydrogen pro..

Next Story
Infrastructure Transport

NHAI Plans Link Road for Expressway Access

The National Highways Authority of India (NHAI) is evaluating the construction of an 18 km road to connect the Bengaluru-Chennai Expressway, within Karnataka, to the Bengaluru-Kolar Highway (NH 75). This strategic link is aimed at improving connectivity for motorists travelling towards the Andhra Pradesh border, including destinations like Chittoor and Tirupati. Currently, a 68 km section of the expressway — from Hoskote to Bethamangala near Kolar Gold Fields (KGF) — is operational. However, due to the absence of seamless end-to-end connectivity, users are forced to navigate through narr..

Next Story
Infrastructure Transport

Bengaluru to Get 40-Km Signal-Free Transit Corridor

In a major push to modernize Bengaluru’s transport infrastructure, the Karnataka Government has approved the construction of a 32.15 km double-decker flyover with a metro line along the city’s Outer Ring Road. This transformative initiative aims to ease the daily commute for thousands and provide lasting relief from the city's chronic traffic congestion. In tandem, an additional 8 km elevated stretch will be constructed on Magadi Road as part of Namma Metro’s Phase III expansion. Together, these projects will add over 40 km of new, signal-free metro routes—making daily travel faster, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?