The ongoing energy crisis and the lack of efficient energy conservation practices in most industries in India are of growing concern. To address this issue, this research investigates the possibilities of finding a solution towards reducing the energy wastage in small scale industries. An energy audit was conducted towards this purpose by identifying key areas which were compressed air, raw materials, exhaust gases and furnace. The audit started by studying the compressed air system. The faults present were identified and remedial measures were arrived upon. The audit then focused on the raw materials where raw material usage was studied. The thermal aspect of the audit was then conducted by observing the energy consumption in the industries. The energy wastage due to various factors was then quantified and improved designs were created, showing better energy usage. Such initiatives prove that scope for energy conservation in industries are immense and simple steps are sufficient. When the world is undergoing energy and environmental crisis, such precedence reviewed in this paper is essential to emulate by all sectors.