Textile company, Sangam India, will procure renewable energy from CGE II Hybrid Energy, a special purpose vehicle of Continuum Green Energy, under the captive mode to power its manufacturing units in Rajasthan.

Sangam announced that it has acquired 114.2 million shares with a face value of ₹10 (~$0.11) each, corresponding to a 3.86% equity stake in the wind-solar hybrid project.

A share purchase and shareholders’ agreement have been executed between Sangam, CGE II Hybrid Energy, and Continuum Green Energy.

Sangam aims to increase renewable power consumption to 12 MW for the company’s plants located in the villages of Atun, Sareri, and Billiya Kalan in Bhilwara district.

Sangam India said no government or regulatory approvals are required for the transaction.

As of March 31, 2025, CGE II Hybrid Energy reported an authorized share capital of ₹3.25 billion (~$36.66 million) and a paid-up share capital of ₹2.84 billion (~$32.04 million).

Sangam sources renewable energy from three solar projects generating 13 MW and a 5 MW wind energy project. These initiatives align with the company’s long-term strategy to increase the use of renewable energy sources and reduce its carbon footprint across operations.

Additionally, the company plans to implement smart energy management systems with real-time monitoring, optimizing usage, improving load management, and enabling data-driven energy planning.

Sangam has implemented several energy and emissions reduction measures, including the adoption of rooftop solar panels and wind energy systems.

For the financial year 2024–25, the company reported total electricity consumption from renewable sources of 166,379.60 gigajoules, increasing from 72,618.37 gigajoules in FY 2023–24.

Several textile firms in India are switching to solar and wind energy to power their operations and reduce their carbon footprint. Recently, Rajasthan-based textile manufacturer Nitin Spinners announced that it will procure 18 MW of power from Continuum Green Energy’s wind-solar hybrid projects.