Jubilant Ingrevia Limited, a global leader in Life Sciences & Specialty Chemicals, has taken a significant step in enhancing its renewable energy initiatives by signing a Power Purchase Agreement (PPA) with O2 Power. The agreement, executed through its wholly owned subsidiary, Jubilant Infrastructure Limited, is for the company’s SEZ Bharuch Manufacturing Facility.
This contract highlights the company’s ongoing commitment to sustainability by integrating green energy into its operations. This new agreement comes one year after Jubilant Ingrevia signed a similar deal for its facilities in Savli, Gujarat, and Gajraula, Uttar Pradesh, where renewable energy supply is set to begin in April 2025.
Deepak Jain, CEO & Managing Director of Jubilant Ingrevia Limited, commented on the development: “Our continued partnership with O2 Power reflects our commitment to sustainable practices. With this agreement, 50% of the power used at our Bharuch Manufacturing Facility will come from renewable energy. This marks another key milestone in reducing our carbon footprint and supporting India’s transition to cleaner, sustainable energy while providing long-term value for our stakeholders.”
This initiative is a significant move towards making the Bharuch manufacturing site more environmentally friendly. Following the signing of this agreement, over 35% of Jubilant Ingrevia’s total energy needs across all its manufacturing facilities will be met through renewable sources.
Parag Sharma, Founder and CEO of O2 Power, expressed enthusiasm about the partnership, stating: “We are excited to extend our collaboration with Jubilant Ingrevia Limited, supplying renewable energy to their Bharuch Manufacturing Facility. This is in addition to our ongoing efforts at their Savli and Gajraula sites. By providing reliable, renewable energy, we are helping Jubilant Ingrevia meet its sustainability goals while contributing to a greener, low-carbon future.”
As a leader in Environmental, Social, and Governance (ESG) initiatives, Jubilant Ingrevia has consistently ranked among the top-performing chemical companies in various sustainability indices, including the S&P DJSI, TFS, Ecovadis, CDP Climate Change program, and the Responsible Care certification. The company is now focusing on transitioning to clean energy, with renewable energy adoption being a central component of its broader sustainability strategy, alongside efforts like biomass energy.
In recognition of its sustainability efforts, the World Economic Forum (WEF) recently named Jubilant Ingrevia’s Bharuch manufacturing facility as a Global Manufacturing Lighthouse, marking it as the only chemical company in the 2024 cohort. This honor highlights the facility’s commitment to digital transformation, improving operational efficiencies, and driving environmental sustainability with a positive societal impact.
Jubilant Ingrevia Limited is a globally integrated Life Sciences and Specialty Chemicals company catering to diverse sectors, including Pharmaceuticals, Nutrition, Agrochemicals, Consumer Goods, and Industrial Applications. With a comprehensive portfolio of over 130 products and customized solutions, the company is recognized for its innovation, cost-effectiveness, and adherence to global quality standards.
With a legacy of over 40 years in the chemicals industry, Jubilant Ingrevia is a global leader in Pyridine & Picolines, Pyridine derivatives, Acetic Anhydride, Vitamin B3, and more. Its rapidly expanding Custom Development and Manufacturing Organization (CDMO) serves the pharmaceutical, agrochemical, and semiconductor industries. The company operates 50 plants across five manufacturing facilities in India, with a team of over 2,300 employees. Its three R&D centers, staffed by more than 120 scientists, drive advanced research and innovation.
The company is a leading renewable energy platform in India, established in 2020 through the backing of Singapore-based investment firm Temasek and Stockholm-based EQT Infrastructure. The company is committed to driving India’s clean energy transition by developing, constructing, and operating large-scale solar and wind energy projects.
With a diversified renewable energy portfolio exceeding 6 GW, O2 Power is focused on delivering sustainable energy solutions across various states, including Rajasthan, Gujarat, and Karnataka. Its innovative approach and strategic partnerships enable it to supply round-the-clock renewable power to key sectors, aligning with India’s goals for decarbonization and energy independence.
