Granules partners with Greenko ZeroC for green solutions
To develop and promote integrated Green Pharmaceutical Zones in Kakinada in a phased manner at a cost of Rs 2,000 cr over 5 years
Mahesh Koli, Founder, President & Joint MD, Greenko Group and Dr Krishna Prasad Chigurupati, CMD, Granules India Ltd
Hyderabad: Granules India Limited enters into a strategic partnership with Greenko ZeroC to collaborate for Green Molecule Solutions and its wider applications in pharmaceuticals to build a leadership position in sustainability and circular economy initiatives and be a pioneer in the industry.
Granules & Greenko ZeroC will develop and promote state-of-the-art Integrated Green Pharmaceutical Zones (GPZ) with first collaboration in Kakinada, Andhra Pradesh. Granules will build a green field facility based on sustainability principles for large scale manufacturing of key starting materials (KSMs), Intermediates, APIs and fermentation-based products. The facility spread across 100 acres, will be commissioned in a phase wise manner. The estimated cost of the project will be approximately Rs 2,000 crore over five years. Greenko ZeroC will supply Carbon Free Energy and enable Green Hydrogen along with its various chemical derivatives. Granules envisages to utilize Carbon Free Energy and Green Hydrogen derivatives to produce value added products.
Dr Krishna Prasad, CMD of Granules, said: "The partnership with Greenko will power our sustainability journey by minimising carbon footprint and impact of our operations on the environment. Sustainability and green chemistry are pillars of our commitment to heal the planet and people through minimising carbon footprint, adopting resource efficient processes, and reduce waste across our value chain".
