ELGi’s partnership with ITF successful, demonstrates real energy savings

Elgi Equipments Limited (BSE: 522074 NSE: ELGIEQUIP), one of the world’s leading air compressor manufacturers, announced the outcome of its successful partnership with Indian Texpreneurs Federation (ITF), one of the largest textile groups in South India. ELGi’s air audit program helped ITF member companies to reduce average compressed air energy costs upto 43%. ITF is a 500 member strong organization covering all textile operations concentrated in Tamil Nadu. ITF’s mandate is to promote the textile sector. Its 500 members collaborate in an environment of confidentiality and mutual respect to share best practices to improve the industry’s operational standards. Externally, the group’s leadership partners with the government to raise awareness of challenges facing the industry.

Given rising energy costs, textile units are exploring opportunities to reduce the cost of compressed air. To support the textile industry’s focus on energy reduction, ELGi partnered with the Indian Texpreneurs Federation (ITF) to design a comprehensive energy program.

The program included information sessions for owners and general managers on the compressed air best practices, practical training sessions for textile maintenance engineers, and critically, free of cost air audit programs that helped recognize significant cost savings.

On the partnership, Anvar Jay Varadaraj, Head of Marketing and Corporate Communications, ELGi said “Our relationship with ITF has been a resounding success owing to mutual respect and recognition of value. For ELGi, ITF members have provided generous access to how textile customers are managing their compressed air systems, while mills have benefitted from our expertise. With ITF, we’ve had an opportunity to directly engage with textile CEOs to understand their manufacturing challenges”

Speaking at the event, Mr. Prabhu Damodaran, Secretary of the Indian Texpreneurs Federation said, “In our efforts to compete in the global market, this relationship focused on intelligent energy monitoring and optimizing air consumption levels. ELGi enabled us to bring about improved manufacturing efficiency and cost leadership through energy conservation.”

Air Audit
An Air Audit is a review of an operation’s use of compressed air. The audit evaluates both the generation and distribution of compressed air. A review of generation evaluates the compressor’s performance compared to original specifications, energy consumption, current condition, and appropriateness for the application. A review of the distribution evaluates how compressed air is used in the plant, which includes leaks in the air lines and general consumption. Compressed air systems are dynamic and inefficiencies develop over time owing to air leaks and changes in air consumption. An air audit assesses a compressed air system and identifies areas of inefficiency with corresponding cost savings if rectified. An engineer presents a detailed report with recommendations on how to recognize the potential savings. The technical training sessions with textile maintenance engineers help instill compressed air best practices which enable engineers to sustain efficiency.

The ELGi-ITF air audit program across 130 textile customers recognized annual savings of
Rs. 14 Cr. with an average compressed air energy cost reduction of 43%. ELGi will continue its engagement program.

About ELGi
Elgi Equipments Limited is a leading air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. ELGi has earned worldwide distinction for designing sustainable solutions that help companies achieve their productivity goals and keep the cost of ownership low. ELGi offers a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories. The company’s portfolio of over 400 products has found wide application across industries.