Ministry of New and Renewable Energy (MNRE)
recognizes Racold’s contribution as the best performed manufacturer on Solar
Water Heater installations for its highest growth in total collectors installed
in 2011-12
Racold Thermo Ltd,
the leader in manufacturing and marketing of water heating products has bagged a
much coveted award for the ‘Best
performed Manufacturer on Solar Water Heater Installations in 2011-12’ instituted
by the Ministry of New and Renewable Energy. The award was presented by Dr. Farooq Abdullah, Hon’ble Minister of
New and Renewable Energy, under the UNDP-GEF (United Nations Development
Program-Global Environment Facility) supported project on Solar Water Heaters.
Water heating
forms one of the key components of electricity consumption in homes and
commercial applications such as hospitality, restaurants, hospitals, hostels
etc. Through its key initiatives such as subsidy programs, MNRE is attempting to
accelerate and promote the use of solar water heaters in India. With the
abundance of solar energy available, tapping it for useful purposes is of prime
importance. The basic objective of the project was to accelerate the growth of
solar water heating market by generating market demand, strengthening supply
chain, adopting qualitative measures and establishing supportive regulatory
environment.
Racold Thermo Ltd.
received this award as recognition of their contribution to this objective. The
award was presented at a National Workshop on Solar Water Heaters organized by
the Ministry. Racold Thermo Ltd. has so far installed solar water heaters with a
combined capacity of more than 1 Cr liter per day capacity across homes and
commercial applications across 15 states in India.
Acknowledging the
recognition bestowed by MNRE, Mr. Mathew
Job, Managing Director, Racold Thermo Ltd. said, “Looking at the current
environmental concerns, there is an urgent need of adopting renewable and energy
efficient technologies. We as a group are making serious efforts to develop and
promote products that are more energy efficient or work on renewable energy.
Racold Thermo Ltd. has taken the lead in introducing more advanced range of
solar water heaters in the country. This award is a recognition given by the
Ministry which encourages us to raise the bar even more in the future.”
Racold Thermo Ltd registered the highest growth in total number of collectors
installed in 2011-12 over 2010-11. The
installations done in 2011-12 alone have approximately contributed towards
saving of close to 40 MN units of electricity this year across the domestic
and commercial installations which includes builders, industries, institutions
and government organizations. It’s worthwhile to note that here installations
have reduced carbon emissions by 34000 Tonnes in 2011-12. In simple terms, if 1.32 Lakh small cars will travel for 2000 KMs,
they will emit 34000 Tonnes of CO2!
Racold Thermo Ltd.
executed installations of Solar water heaters across the following geographies:
- Eastern Region: Jharkhand, West Bengal, Assam, Bihar, Orissa, Uttaranchal
- Northern Region: Delhi, Rajasthan, Haryana, Uttar Pradesh, Chandigarh, Himachal Pradesh, Jammu & Kashmir, Punjab
- Southern Region: Karnataka, Kerala, Andhra Pradesh, Tamil Nadu,
- Western Region: Maharashtra, Gujarat, Goa, Chhattisgarh, Madhya Pradesh
About Racold Thermo Ltd, Pune – It
has the country’s largest and fully integrated water heater plant, offering the
latest in technology and international standards, specially adapted to suit
Indian conditions. The company has a pan India presence with over 4000 retail
outlets and 145 service centers. It has redefined industry standards and set
new benchmarks in water heating by enhancing the aesthetics, quality,
durability, safety and performance of the product. The continuous focus on
innovation and R&D has resulted in many a “firsts” for Racold. Racold as a
brand is synonymous with breakthrough innovation, premium quality and complete
customer satisfaction. As a further testimony to their continuous delivery on
performance, they have been the first to obtain quality and performance certifications
as per IEC, CE and other similar International standards. With a complete range
of Electrical, Gas and Solar water heaters, Racold Thermo Ltd., the hot water
specialist, is now providing complete water heating solutions to all the
sectors i.e. domestic, commercial and industrial.
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