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Azure Power releases its third annual sustainability report for FY 2020-21, commits to water neutrality by 2023

NEW DELHI, Feb. 3, 2022 /PRNewswire/ — Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and IPP in India, today published its third annual sustainability report for fiscal year 2020-21 (FY 2020-21). The report highlights several ways in which Azure Power is delivering on its sustainability commitments.
“We are extremely proud of our performance against key Environmental, Social and Governance indicators in the last fiscal. Considering the global risk landscape and rising climate challenges, we are committed to operating responsibly and sustainably while delivering value to all stakeholders. We will continue to develop high-performing renewable energy assets to service our customers, provide enriching careers to a diverse talent, strengthen the communities in which we live and work, and ensure robust shareholder returns,” says Ranjit Gupta, Managing Director and Chief Executive Officer, Azure Power.
Key highlights from this year’s report include:
Environmental
Azure Power is rapidly progressing towards its ambition to achieve water neutrality by 2023. In FY 2020-21, the company recharged 28% of the water consumed by it through ground water recharging structures. In addition, the company is actively replacing the use of water with robotic dry cleaners to clean solar panels across projects sites. In FY 2020-21, Azure Power generated 3369 GWh of renewable energy and this resulted in the Indian grid displacing 3 million tons of GHG emissions. The Voluntary Carbon Units issued to our eligible projects are supporting other companies in their journey towards a carbon neutral world. In FY 2020-21, the company retired 1578 CERs (Certified Emission Reduction by United Nations) to offset its scope 1 and scope 2 emissions and maintain its carbon neutral status. With a focus on building environmental capital around its project sites, Azure Power has initiated a massive plantation drive at its 600 MW project in Bikaner, Rajasthan and it is committed to plant 50 trees per MW of project installed in the future. Azure Power has a robust recycle and reuse policy, under which the company responsibly recycled over 600 tons (36000+ in numbers) of broken or damaged solar modules, accumulated over the last 10 years of operation, in partnership with authorized recyclers. Going forward, the company targets to recycle damaged modules annually and prevent accumulation.Social
Azure Power has thus far helped more than 300,000 individuals from marginalized communities gain access to better healthcare, education, sanitation, hygiene, and employment. The company provides direct employment to over 2,500 members of local communities through its contractors across its project sites and has so far upskilled 3,500+ individuals as part of its skill development programs, with a commitment to upskill 500 beneficiaries every year. The company has installed community level RO water purification systems in 136 villages and schools across the country, helping students, teachers and local villagers access clean drinking water.Governance
Azure Power has a strong corporate governance framework and a leadership that ensures the company is progressing sustainably. It strictly follows international governance policies on corruption, human rights, freedom of association, fair disclosure, whistle-blower, and insider trading among others. The company is a signatory to the UN Global Compact and has been contributing to the Carbon Disclosure Project (CDP). With a healthy gender diversity of 22% at the board and 25% at the management team levels, Azure Power is creating opportunities for diverse talent by adopting gender neutral, transparent and merit driven hiring and compensation policies.Third party assurance of the report was provided by TUV India ensuring data accuracy as per international standards.
To read the full report, please navigate to: https://www.azurepower.com/sustainability
About Azure Power
Azure Power is a leading independent sustainable energy solutions provider, and power producer in India on a mission to create value for all stakeholders through high-performance Renewable Energy assets to displace 230 million tons of global emissions by 2030.
We developed India’s first utility scale solar project in 2009 and since then, Azure Power has grown rapidly to become a leader in developing and operating renewable energy projects in the country. We have substantially reduced our total project cost, which includes a significant reduction in balance of systems costs due in part to our value engineering, design, and procurement efforts.
For more information about us, visit: www.azurepower.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s future financial and operating guidance, operational and financial results such as estimates of nominal contracted payments remaining and portfolio run rate, and the assumptions related to the calculation of the foregoing metrics. The risks and uncertainties that could cause the Company’s results to differ materially from those expressed or implied by such forward-looking statements include: the availability of additional financing on acceptable terms; changes in the commercial and retail prices of traditional utility generated electricity; changes in tariffs at which long term PPAs are entered into; changes in policies and regulations including net metering and interconnection limits or caps; the availability of rebates, tax credits and other incentives; curtailment; the availability of solar panels and other raw materials; its limited operating history, particularly as a new public company; its ability to attract and retain its relationships with third parties, including its solar partners; its ability to meet the covenants in its debt facilities; meteorological conditions and such other risks identified in the registration statements and reports that the Company has filed with the U.S. Securities and Exchange Commission, or SEC, from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and the Company assumes no obligation to update these forward-looking statements.
Investor Contact: ir@azurepower.com
Media Contact:pr@azurepower.com
Logo: https://mma.prnewswire.com/media/819565/Azure_Power_Logo.jpg

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Design POV Returns to Mumbai with its second edition ‘Sense and Sensibility’ – A Celebration of Immersive, Multi-Sensory Design

15 – 17 May 2026 | Jio World Convention Centre, MumbaiMUMBAI, India, March 16, 2026 /PRNewswire/ — Design POV returns to Mumbai from 15 to 17 May 2026 at the Jio World Convention Centre with its highly anticipated second edition, anchored in the theme ‘Sense and Sensibility’. Building on a successful debut in 2025 that welcomed over 7,000 visitors and featured more than 75 brands and 18 studios, the platform expands this year with deeper curation and a bold exploration of immersive, multi-sensory design.

Founded by Asif Sataar and Gagan Bhatia, Design POV was conceived as a curated environment that moves beyond the conventional exhibition format. While the show speaks through the medium of architecture, it champions all disciplines of design that contribute to a lived space, from interiors and material innovation to lighting, surfaces, furniture and spatial storytelling.”As an industry, we are often conditioned to prioritise what a space looks like because that is how most briefs are framed,” says Asif, Co-Founder, Design POV. “With Sense and Sensibility, we are consciously shifting the lens toward how a space is experienced. Texture, sound, atmosphere and emotion are not secondary layers, they are fundamental to how people connect with a space.”The 2026 edition examines what designing beyond sight truly means, inviting participants to engage all five senses and shape emotional connection within space. From tactility and acoustics to material experimentation and spatial storytelling, the focus shifts from how a space looks to how it feels. It invites brands, studios, artists and designers to present fully realised environments where these elements converge, encouraging deeper engagement beyond surface aesthetics.”From the outset, our intention was to create a setting where design is not simply displayed, but truly inhabited,” adds Gagan, Co-Founder, Design POV. “Each edition strengthens that ambition through sharper curation, stronger collaborations and immersive environments that allow people to connect meaningfully with design.”Positioned at the intersection of commerce and creativity, Design POV offers industry professionals and discerning audiences a space to engage directly with the evolving future of design.Highlights of Design POV 2026 include immersive brand pavilions, experiential installations, new product launches, and curated design studio showcases. Participating design studios include ADND Studio, Abin Design Studio, Alara Studio, Baldiwala Edge, DSP Design Associates, Design Hex, Jannat Vasi Interior Design, Sanjay Puri Architects, Shroffleon, Studio Archohm, and Talati & Partners LLP., among others, while exhibiting brands include Blanc White, Kuche 7, Neytt Homes, Sunroof, and Woven Legacy. Across furniture, lighting, surfaces and textiles, exhibitors will unveil new collections, experimental materials and limited-edition collaborations created exclusively for Design POV 2026.The second edition of Design POV 2026 will take place from 15 to 17 May 2026 at Jio World Convention Centre, Mumbai.For more information, visit www.designpovindia.com and follow @designpov.india on Instagram.About Design POV Design POV is an immersive design platform that celebrates unconventional perspectives and collaborative creation. Conceived as a space where architecture, art, and business intersect, Design POV reimagines how design is experienced moving beyond static showcases to fully realised, functional environments. Following a successful debut edition in 2025 at the Jio World Convention Centre, Mumbai, Design POV returns in May 2026 with an expanded vision and deeper interdisciplinary collaboration.At the heart of the platform is The ‘Core’, a curated collective of leading architecture and design studios invited to explore a central theme through unconstrained spatial expression. These studios collaborate with participating brands and build partners to create immersive installations that demonstrate design in context, not isolation.Design POV brings together architects, designers, brands, artists, and discerning audiences including homeowners, industry leaders, and the design curious. Through installations, panels, workshops, and live interactions, the platform fosters dialogue, collaboration, and innovation.Photo: https://mma.prnewswire.com/media/2934542/Design_POV_2026.jpg 

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Mumbai to Host ‘Gen O – Pixels & Play’, a Global Festival of Creators, Gaming and Youth Innovation

MUMBAI, India, March 16, 2026 /PRNewswire/ — Mumbai will host Gen O – Pixels & Play, a four-day international platform celebrating creativity, technology and youth innovation, from 19–22 March 2026 at MMRDA Grounds, BKC. The initiative will bring together creators, innovators, startups, cultural practitioners and international delegates from over 23 countries, placing Mumbai at the centre of global conversations around the future of the Orange Economy and the AVGC sector. The initiative is organised by EFlag Corp, supported by the Government of Maharashtra, with Maharashtra Tourism as the Title Sponsor, as a part of its “India Maha India” initiative.
The festival will be inaugurated by Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra, in the presence of Shri Shamburaj Desai, Hon’ble Minister for Tourism, Government of Maharashtra and Shri Uday Samant, Hon’ble Minister for Industries, Government of Maharashtra along with international delegates, industry leaders and global participants.Maharashtra has emerged as one of India’s leading centres for media, entertainment and digital content industries, with Mumbai at the heart of the country’s film, broadcasting, gaming and creative technology ecosystem. With world-class connectivity, a vibrant talent base and strong industry presence, the state is increasingly positioning itself as a hub for next-generation creative industries including animation, immersive media, gaming and digital storytelling.The Government of Maharashtra is actively working to strengthen the ecosystem for animation, gaming, visual effects and immersive media through policy support, infrastructure development and skill initiatives. With Mumbai already serving as India’s creative capital, the state aims to further position itself as a global hub for the AVGC and digital creative industries, creating new opportunities for studios, startups, creators and international partners.Gen O has been conceived as a platform bringing together multiple dimensions of India’s rapidly expanding AVGC (Animation, Visual Effects, Gaming & Comics) ecosystem, including immersive media, gaming, digital storytelling, creator-led culture and emerging technology platforms.As a part of the programme, Mumbai will also host an international esports championship featuring national teams from 23 countries across six global regions, highlighting the growing global significance of competitive gaming within the next-generation entertainment economy.The initiative comes at a time when India is placing focus on creative industries through initiatives such as the WAVES (World Audio Visual & Entertainment Summit) announced by the Government of India, aimed at positioning India as a global hub for media, entertainment and digital content industries in line with Hon’ble Prime Minister Shri Narendra Modi Ji’s vision for the sector as a key pillar of India’s future economy.According to the Government of India’s AVGC Task Force, the sector is expected to require nearly two million skilled professionals by 2030, while estimates suggest India’s AVGC ecosystem could grow to over $26 billion by the end of the decade.Across four days, Gen O – Pixels & Play will present a curated festival experience featuring:Live cultural performances and artistic showcasesAVGC-XR innovation and technology demonstrationsStartup and creator ecosystem engagementsArtisan showcases and cultural installations celebrating Maharashtra’s heritageYouth engagement initiatives exploring emerging careers in creative and digital industriesThe festival is expected to attract over 10,000 visitors per day, including creators, developers, students, entrepreneurs and international delegates.Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, said: “Maharashtra has always been a centre of creativity, enterprise and cultural influence. As technology reshapes the global creative industries, platforms like Gen O bring together innovation, talent and international collaboration. Mumbai already stands at the heart of India’s media and entertainment ecosystem, and initiatives like this will further strengthen our position as a global hub for the AVGC and digital creative economy while opening new opportunities for young creators and startups.”Shripad Ashtekar, Founder, EFlag Corp, said:”India’s creative and digital sectors are entering a defining decade. The Orange Awards recognise the emerging creators, innovators and entrepreneurs shaping the future of the Orange Economy, and aim to inspire the next generation of talent across India’s creative and technology ecosystem.”With participants arriving from across the world, Gen O – Pixels & Play aims to position Mumbai as a global meeting point for creativity, technology and digital culture, reinforcing Maharashtra’s role in shaping the future of the global creative economy. About Gen O – Pixels & PlayGen O – Pixels & Play is a platform focused on the intersection of creativity, technology and youth innovation across the AVGC ecosystem. The initiative brings together creators, startups, technologists and cultural practitioners to explore emerging opportunities within India’s Orange Economy, while showcasing the future of digital storytelling, immersive media, creator culture and next-generation entertainment industries.About EFlag CorpEFlag Corp builds platforms at the intersection of technology, digital engagement and emerging creative industries. Its initiatives span phygital discovery infrastructure, AI-driven engagement solutions and esports ecosystem development, designed to connect physical experiences with digital ecosystems. The company works with governments, institutions and industry partners to enable scalable innovation across sectors such as tourism, culture, entertainment and the AVGC industry.

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From Rural Roots to Global Impact: Ruma Devi on Women, Craft and Purpose on Herbalife India’s Podcast Live Your Best Life, Unscripted

BENGALURU, India, March 17, 2026 /PRNewswire/ — Herbalife India, a premier health and wellness company, community and platform, has unveiled a new episode of its podcast Live Your Best Life, Unscripted, featuring renowned social entrepreneur and women’s empowerment champion Ruma Devi.

Titled ‘Threads of Change: From Local Hands to Global Hearts’, the episode captures Ruma Devi’s inspiring journey from rural Rajasthan to global platforms, highlighting resilience, grassroots leadership and the transformative power of skill-based livelihoods.In conversation with Ajay Khanna, Managing Director, Herbalife India, Ruma Devi shares how her journey began with a simple need for income and gradually evolved into a movement empowering thousands of women through handicrafts, training and community-driven opportunities. She reflects on building trust within conservative households, enabling women to work from home, and fostering financial independence that reshaped perceptions within families and communities.Speaking about her journey, Ruma Devi said:”Every woman carries a doubt within, that she may not be educated enough, or that her language might become a barrier. But confidence and skill can open doors anywhere. Art flourishes the more it is shared.”The episode also sheds light on the work of the Ruma Devi Foundation, which focuses on skill development, education support, healthcare initiatives and cultural preservation in rural communities. From livelihood training to scholarships and health interventions, the foundation continues to drive meaningful social change at the grassroots level.Commenting on the episode, Ajay Khanna, Managing Director, Herbalife India, said:”Ruma Devi’s journey is a powerful reminder that sustainable change begins at the grassroots and grows through courage, purpose and community collaboration. Her story perfectly reflects the spirit of Live Your Best Life, Unscripted, authentic conversations that inspire individuals to believe in their potential and build a better future.”Through her experiences, Ruma Devi reinforces a simple yet powerful message, that transformation starts the moment individuals choose to believe in themselves and take the first step forward.Watch the Full EpisodeYouTube: https://www.youtube.com/watch?v=rSedbvqh2UIAlso streaming on:Spotify: https://open.spotify.com/episode/4sAv4ewhQObo3kjOkpNi3V?si=kWMsSm1wSAKyNpb7HKUbQQApple Podcasts: https://podcasts.apple.com/us/podcast/threads-of-change-from-local-hands-to-global-hearts/id1808386057?i=1000753523579Amazon Music: https://music.amazon.com/podcasts/a53233b6-84b5-43ce-a34a-5230c769168b/episodes/c38d5074-13f1-4ee0-82c1-591a5ad184e6/live-your-best-life-unscripted-threads-of-change-from-local-hands-to-global-hearts-ft-ruma-devi-live-your-best-life-unscriptedAbout Herbalife Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed food products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life.Photo: https://mma.prnewswire.com/media/2935791/Ruma_Devi_Herbalife_podcast.jpgLogo: https://mma.prnewswire.com/media/2238437/5868011/Herbalife_Logo.jpg  

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