Indian Companies Expand Captive Green Power to Cut Costs

Many Indian companies need a lot of electricity to make products or run offices.

They are starting to make or arrange more of that electricity from renewable sources such as solar and wind.

This can help them rely less on the local power grid and make their electricity costs more predictable.

The change is especially important for industries that use a lot of power, such as steel and cement.

A study found that renewable electricity can cost less than grid electricity in several states.

Car companies and office operators are also increasing their use of green power.

Some companies already have large renewable projects, while others are still building them.

Businesses say this can help them meet both energy needs and emissions goals.