Cyient DLM Limited — Updates, 04-12-2024: Press Release

Cyient DLM has signed a Memorandum of Understanding (MoU) with Arcedo Systems to establish a 500 kWp rooftop solar power plant at its Mysore facility. This partnership emphasizes Cyient DLM's commitment to sustainability and its Environmental, Social, and Governance (ESG) objectives by enhancing its use of renewable energy. Under this MoU, Arcedo Systems will handle the design, installation, and maintenance of the solar project, which will operate under a long-term Power Purchase Agreement (PPA) where Cyient DLM will procure power generated.

The CEO of Cyient DLM highlighted that this initiative marks a significant move toward reducing their carbon footprint and setting a standard for integrating sustainable practices within industrial operations. This collaboration aims to improve energy cost savings for Cyient DLM while contributing to India's renewable energy aspirations, thus presenting a positive outlook for the company's operational efficiency and sustainability goals.