Conservation and efficient use of energy in industry has for a long time been a priority of the Government of India. In anticipation of enactment of federal legislation on energy management for industry, the State of Government of Tamilnadu, Kerala, and other Southern States, made energy audits mandatory for large-scale energy-consuming industries. So among industrial consumers, the aspect of energy conservation is gaining due importance of the realization that "Energy Saved is Energy Produced and that too at Economical Cost." This paper shares the experiences of the authors on Energy Conservation Projects carried out in a Textile Industry situated in Tamilnadu State. Economic and efficient measures of Energy Conservation have been followed subject to budget constraint and the effect of such measures were realized through reduction in energy cost with the added advantage of environmental safety.