Ambuja Cements commits Rs 6,000cr for 1GW renewable energy projects
Ambuja Cements Limited, a part of the Adani Group, is making a significant leap in sustainable cement production with its commitment to invest Rs. 6,000 crores in renewable power projects. The company aims to achieve a capacity of 1,000 MW, focusing on solar and wind power projects across Gujarat and Rajasthan.
Strategic Investment in Renewable Energy
The investment encompasses a 600 MW Solar Power project and a 150 MW Wind Power project in Gujarat, along with a 250 MW Solar Power project in Rajasthan. By FY 2026, Ambuja aims to supplement its existing 84 MW of Solar & Wind Power with an additional 200 MW by March 2024.
Economic and Environmental Advantages
This move is not just environmentally significant but also promises economic benefits. With the shift to green power, Ambuja expects to reduce its power cost from Rs.6.46 per kWh to Rs.5.16 per kWh, a 20% reduction. This translates into a cost saving of Rs. 90 PMT of cement for the targeted capacity of 140 MTPA by FY 2028.
Ambuja Cements Leads Cement Industry with Major Investment in Renewable Power
Enhancing Waste Heat Recovery Systems
In addition to renewable power, Ambuja Cements is expanding its Waste Heat Recovery Systems (WHRS) capacity from the current 103 MW to 397 MW over the next five years. This will further contribute to reducing the company’s power cost.
Ambuja Cements’ Vision for Green Power
The company’s initiatives are a critical part of its broader vision to achieve the leading share of Green Power amongst its peers. Ambuja aims to reach 60% Green Power for its planned capacity of 140 MTPA from the current 19%.
CEO’s Statement on Sustainable Growth
Ajay Kapur, CEO of Cement Business at Ambuja, emphasized the company’s commitment to sustainable practices, aligning with the national objective of de-carbonization. He highlighted the strategic importance of this investment in transforming the cement industry and becoming more competitive and sustainable.
Ambuja Cements’ Industry Leadership
With this initiative, Ambuja Cements has positioned itself as a trailblazer in the cement industry, paving the way for a more sustainable and eco-friendly future in cement production. The company’s planned increase in green power capacity sets a new standard for the industry.
Ambuja Cements’ Production Capacity
Ambuja Cements, with its subsidiaries ACC Ltd. and Sanghi Industries Ltd, has a significant presence in the Indian cement industry. The company boasts a capacity of 74.6 million tonnes, with integrated cement manufacturing plants and cement grinding units across the country.