The report lists key risks for 2025:
The core of the is the relentless drive towards its 2025 goals, often setting near-term and net-zero targets that exceed industry standards Sustainability Report, 2024 . Key Sustainability Achievements (2024):
Cutting carbon emissions, optimizing water usage, and eliminating waste.
Industry estimates place Hirdaramani Group’s annual revenue in the range of . More importantly, 2024 has been a year of significant, targeted investment. The marquee event was the announcement of a Rs 10 billion (approximately $30 million) investment in a new, cutting‑edge textile mill named ‘Mihila Tex’ in Pannala, Sri Lanka. This state‑of‑the‑art facility is designed to minimise energy consumption, reduce waste generation and optimise resource management, while incorporating advanced water‑recycling and purification systems. The mill, a joint venture with Chinese textile giant Hengda Textiles, is expected to be fully operational by 2025 and will create over 800 direct jobs. hirdaramani annual report 2024
– The Hirdaramani Group, one of Sri Lanka’s oldest and largest apparel and textile conglomerates, released its Annual Report for the financial year 2024 , highlighting steady operational resilience amid global economic headwinds, accelerated digital transformation, and deeper commitments to environmental and social governance (ESG).
: The group announced a landmark LKR 10 billion (approx. USD 30 million) investment in a new state-of-the-art textile mill in Pannala, Sri Lanka. This facility is designed to strengthen the local value chain, reduce foreign exchange outflows for raw materials, and integrate advanced water recycling and purification systems.
The group successfully channeled supervisors through its structured Supervisory Development Program, aiming for 30% of leadership roles to be held by women . The report lists key risks for 2025: The
: Their "Suryadhanavi Rooftop Solar Project" now generates 16.2 GWh of renewable energy annually , saving approximately 13,400 tonnes of carbon.
: The group invested $30 million in a cutting-edge textile mill in Pannala, Sri Lanka, to strengthen the local value chain.
Fostering safe, inclusive, and growth-oriented manufacturing hubs. More importantly, 2024 has been a year of
: Key partnerships and joint investments with premium hospitality operators like the Hilton and Taj groups.
: In an industry that often wastes thousands of litres for a single pair of jeans, Hirdaramani has implemented systems that recycle 60% of output water .