Maral Overseas Limited, a leading vertically integrated textile company in India, operates a state-of-the-art manufacturing facility in Indore, Madhya Pradesh. As a major supplier of yarn and fabric to global fashion giants, Maral Overseas is deeply committed to aligning with the sustainability goals mandated by its clients. A key aspect of this commitment was the directive to achieve zero coal operations in India as part of global sustainability initiatives.
Challenge
Historically, Maral Overseas relies on multiple boilers and thermopacks that operated continuously on coal. Transitioning these systems to sustainable fuels pose significant technical, financial, and operational challenges. With strict timelines imposed by its clients, the company needed a comprehensive and efficient plan to identify and implement alternative energy sources that aligned with sustainability standards and ensured minimal disruption to operations.
Solution Provided by Momentum
As Maral’s sustainability partner, Momentum conducted a holistic feasibility analysis to facilitate the transition from coal to sustainable fuels. The process included the following key steps:
Feasibility Analysis
Momentum’s experts evaluated the operational requirements of Maral Overseas and identified viable sustainable fuel alternatives, including rice husk and wooden pellets.
ROI Calculations
Detailed financial modeling was conducted to assess the return on investment (ROI) for adopting these alternative fuels. This analysis ensured that the transition was not only environmentally beneficial but also financially viable for the company.
Carbon Savings Estimation
Momentum calculated the potential carbon emission reductions achievable through the transition. This provided Maral Overseas with measurable data to showcase their progress toward sustainability goals and compliance with client mandates.
Outcomes
The collaboration between Maral Overseas Limited and Momentum resulted in the following outcomes:
Sustainability Compliance
The transition from coal to rice husk and wooden pellets will enable Maral Overseas to align with the zero-coal mandate of its global clients.
Environmental Benefits
Significant reductions in carbon emissions will be achieved, contributing to Maral’s sustainability targets and enhancing its reputation as a responsible corporate entity.
Financial Viability
The ROI analysis assured stakeholders of the economic feasibility of the transition, balancing environmental benefits with cost-effectiveness.
Enhanced Client Relations
By demonstrating a proactive approach to sustainability, Maral strengthened its relationships with major global fashion brands.
Conclusion
Maral Overseas Limited’s successful transition to sustainable fuels shall underscore the importance of strategic partnerships in achieving ambitious sustainability goals. Momentum’s comprehensive analysis and actionable recommendations provided Maral with the tools to implement a transformative change, setting a benchmark for other companies in the textile industry to follow. This case exemplifies the tangible benefits of integrating environmental responsibility with operational efficiency and financial prudence.
Author
Sanchit Satsangi
AVP, Business Development & Key Account Management, Momentum
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