NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Ambuja Cements commits Rs. 6,000 crore for green power projects
    Next Article
    Ambuja Cements commits Rs. 6,000 crore for green power projects
    The investment includes a mix of solar and wind power projects in Gujarat and Rajasthan

    Ambuja Cements commits Rs. 6,000 crore for green power projects

    By Rishabh Raj
    Dec 18, 2023
    10:43 am

    What's the story

    Ambuja Cements, part of the Adani Group, has revealed plans to invest a whopping Rs. 6,000 crore in renewable energy projects, aiming for a capacity of 1,000MW.

    This investment will be spread across various solar and wind power projects in Gujarat and Rajasthan.

    The lineup includes a 600MW solar and a 150MW wind project in Gujarat, as well as a 250MW solar project in Rajasthan, Ambuja Cements said in a regulatory filing.

    Details

    Green power initiatives to reduce costs and accelerate ESG targets

    Ajay Kapur, CEO of Cement Business, explained that the cost of power generation from green energy will be significantly lower, dropping from Rs. 6.46 per kWh to Rs. 5.16/kWh.

    This 20% reduction will save Rs. 90 PMT of cement for the targeted capacity of 140 MTPA by FY 2028.

    Kapur added, "With all requisite approvals in place, we are on an accelerated path to not just meet but exceed our committed ESG targets well before our initial timelines."

    What Next?

    Enhancing waste heat recovery systems capacity

    Ambuja Cements is also working on expanding its Waste Heat Recovery Systems (WHRS) capacity from the current 103MW to 397MW over the next five years (134MW by March 2024).

    This will further decrease power costs and help the company achieve a 60% share of green power for its planned capacity of 140 MTPA, up from the current 19%.

    At the time of writing, Ambuja Cements's shares were trading at Rs. 530.60 apiece on NSE, up by 1.57%.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Adani Group
    Sustainability

    Latest

    All you need to know before 'Mission: Impossible 8' releases  Box Office
    Notable records of Novak Djokovic at French Open French Open
    Virat Kohli averages 51-plus in winning cause (Tests): Stats Virat Kohli
    India Women squad named for England tour; Shafali Verma returns BCCI

    Adani Group

    SEBI accused of hiding 2014 Adani manipulation alert by DRI Securities and Exchange Board of India
    Plea in SC seeks new panel to probe Adani-Hindenburg case Supreme Court Of India
    TotalEnergies and Adani Green form $300 million joint venture Business
    Sensex gains 320 points, Nifty settles near 19,640 mark Stock Market

    Sustainability

    Eco-friendly activities to get kids excited about nature Environment
    Here's how to instill sustainable habits in children Children
    How to correctly dispose of plastic items Environment
    Here's how you can minimize carbon footprint in the kitchen Lifestyle
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025