Tata Motors has signed a Memorandum of Understanding (MoU) with Energy Efficiencies Services (EESL) to achieve energy saving and resource conservation by implementing various energy efficiency initiatives across the company's manufacturing facilities in India.

The energy efficiency programme will be implemented in Tata Motors manufacturing plants located at Pantnagar (Uttarakhand), Lucknow & Pune in the first phase and will be later extended to other facilities. EESL will undertake the complete upfront investment for the energy efficiency programme, with zero investment from Tata Motors. The overall implementation period for the programme will be two years.

Guenter Butschek, CEO & MD, Tata Motors, said, ''Tata Motors has always been in the forefront for energy conservation initiatives. By executing innovative and sustainable solutions such as re-cycling of treated effluents, hazardous waste management and rainwater harvesting, Tata Motors has optimized its operations and ensured optimum resource utilization. Collaborating with EESL is a step further in this direction. By implementing energy efficient solutions, we are accelerating our efforts to reduce our carbon footprint in the form of lower greenhouse gas emissions, towards a cleaner future.'' 

Shares of the company gained Rs 6.4, or 1.57%, to trade at Rs 415.00. The total volume of shares traded was 265,846 at the BSE (12.21 p.m., Thursday).