Mumbai-based real estate firm Godrej Properties Ltd (GPL) on Friday said that it has set up a waste management plant that will convert green horticultural waste to fuel briquettes.

According to a company statement, ‘this is part of Godrej Properties’ ambitious CSR goals and is part of the Godrej Group’s Good & Green program aimed at driving sustainable development in India.’

The company further said that the plant has been set up at MCGM K West ward, Jogeshwari West, Mumbai, on a land area of 5,000 sq.ft. that has been allocated to this project by the Municipal Corporation of Greater Mumbai (MCGM). The plant will help in diverting 50 tons of green waste from landfill per day and this waste will instead be processed to produce briquettes that are used as fuel for various industries. This project will be funded by Godrej Properties and operated by Green Roots, it said.

“Godrej has an ambitious goal of sending zero waste to landfill by 2020 and as part of this initiative, the Group is working to reduce hazardous and solid waste generation, to increase the recycling of waste, and to ensure that none of the waste generated at our sites is sent to landfill. This project is part of a series of waste management projects being undertaken by the Godrej Group,” the company added.

Commenting on the development, Pirojsha Godrej, Executive Chairman, GPL, said, “we are very pleased to partner with MCGM and Green Roots for this project. A commitment to sustainability is a key tenet of our company’s vision and we believe this green waste management plant is a positive step in the direction of sustainable and environmentally conscious urban development.”

Shares of the company were trading at Rs 781.20, up 0.63% from the previous closing of Rs 776.30, on BSE at 1.04 pm today.

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