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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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A Power Delivery Agreement (PDA) has been signed as part of the deal to source 16 MW of hybrid renewable power for Sterlite’s Silvassa Unit. The hybrid energy project will be constructed on a captive model and will operate on a build-own-operate basis. It is financed on a 70:30 debt-to-equity basis, with Sterlite Copper holding a 26 percent equity share in the SPV. The PDA will remain in effect for 25 years starting from the date of the commissioning of the project, with targeted wheeling scheduled for August 2024.\u003C\u002Fp>\r\n\u003Cp>Sterlite Copper recently launched ‘Sterlite Cares’, an ESG sub-brand aligned with Vedanta’s ESG vision. It reinstates the company’s commitment to transforming the community, environment, and workforce.\u003C\u002Fp>\r\n\u003Cp>In response to the recent move towards achieving sustainability goals, Puneet Khurana, Deputy CEO, Sterlite Copper, said, “We are proud to collaborate with Serentica Renewables for this project. This partnership will mark a milestone in our ESG journey and is in line with our commitment to giving back to the environment through our sustainability agenda of ‘Sterlite Cares’. As sustainability is imperative for our industry, we will continue to invest in our planet today for a better tomorrow!”\u003C\u002Fp>\r\n\u003Cp>He further added, “Through this collaboration, Sterlite Copper aims to make a smooth transition from conventional thermal power to hybrid renewable energy to reduce its carbon footprint. The hybrid renewable energy is expected to reduce Scope 2 Greenhouse Gas (GHG) emissions by 64,535 metric tonnes of carbon dioxide equivalent (MTCO2e). This aligns with Vedanta's goal to achieve net-zero carbon emissions by 2050.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.sterlitecopper.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FM7NlLL1o1zD6Z6iubpLV.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMay2023\u002FM7NlLL1o1zD6Z6iubpLV.jpg","2023-05-28T06:47:01+05:30",0,"Sterlite Copper and Serentica Renewables have formed an SPV to supply 16 MW of hybrid renewable power to the Silvassa unit.\nThe 25-year Power Delivery Agreement aims to reduce Scope 2 greenhouse gas emissions by 64,535 metric tonnes annually.\nThis partnership aligns with Vedanta’s vision to achieve net-zero carbon emissions by 2050 through the Sterlite Cares initiative.","Sustainability is no longer an option but a business imperative. Sterlite Copper, a subsidiary of Vedanta Ltd, has taken a significant step toward a greener future by partnering with Serentica Renewables. Through a new 25-year Power Delivery Agreement, the company will source 16 MW of hybrid renewable energy for its Silvassa unit, marking a major milestone in their ESG journey. This strategic shift from thermal to renewable power is set to reduce Scope 2 GHG emissions by over 64,000 metric tonnes annually. As industries increasingly pivot toward decarbonization, this collaboration serves as a blueprint for long-term sustainable growth and environmental stewardship. How is your organization integrating renewable energy into its operational roadmap? Let’s discuss the future of industrial sustainability below. #Sustainability #RenewableEnergy #ESG","Sterlite Copper moves toward net-zero! A new 16 MW hybrid renewable energy partnership with Serentica Renewables will slash carbon emissions by 64,535 MT annually. Big steps for industrial sustainability. #GreenEnergy #ESG","Big moves in the industrial sector! ⚡️ Sterlite Copper is going green by partnering with Serentica Renewables to power its Silvassa unit with 16 MW of hybrid renewable energy. This major move aims to cut carbon emissions by over 64,000 metric tonnes each year, supporting Vedanta’s goal of net-zero by 2050. 🌍 It’s great to see industry leaders investing in a cleaner, more sustainable future for our planet. Sustainability is the new standard, and we are here for it! 📈 What do you think about the shift to renewable energy in heavy manufacturing? 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