IndiGrid Commissions First Battery Energy Storage Project – EQ Mag
In-line with the company objective to contribute towards nation’s sustainability targets, IndiGrid [BSE: 540565 | NSE: INDIGRID], India’s first listed power sector infrastructure investment trust (InvIT), today announced that they have recently installed and commissioned their pilot project of Solar Panel bank coupled with Battery Energy Storage Systems (BESS) at their Dhule Substation located in Maharashtra, for meeting the substation’s auxiliary consumption requirement.
Generating meaningful impact under the Environment, Social and Governance (ESG) practices has been one of the strategic tenets for IndiGrid over the last few years and the company has undertaken multiple initiatives to drive change. Mindful management of its Emissions is a key focus area for IndiGrid and the latest solar panel banks plus BESS commissioning is a step towards achieving the company’s sustainability goals. The best-in-class BESS solution, coupled with solar generation, will not only reduce our emissions but also act as a prototype for expanding our presence in energy transition opportunities in the sector.
Commenting on the project, Harsh Shah, Chief Executive Officer of IndiGrid, said,” At IndiGrid it’s our constant endeavor to manage the environmental impact of our operations and this pilot project is a milestone for us. This facility will also act as a test bed for augmenting our capabilities to participate in energy transition opportunities in solar and BESS space. As the operations at this project stabilize, we look forward to replicating similar systems across our other substations and reduce emissions of our operations.”
Shares of India Grid Trust was last trading in BSE at Rs. 134.07 as compared to the previous close of Rs. 134.01. The total number of shares traded during the day was 17587 in over 179 trades.
The stock hit an intraday high of Rs. 134.10 and intraday low of 132.00. The net turnover during the day was Rs. 2323698.00.
Source: PTI
