Ambuja Cements To Invest Rs 6,000 cr In Green Power Projects Across Gujarat And Rajasthan

ENA State 2023-12-18 16:48:04 New Delhi, Dec 18 (KNN) Ambuja Cements has decided to investment Rs 6,000 crore in green power projects of 1000 MW by FY26, reported Businessline. The investment includes a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan. As per the report, the new project line-up includes a 600 MW solar power project, and a 150 MW Wind Power in Gujarat, and a 250 MW Solar Power in Rajasthan. Of the planned capacity addition, 200 MW will be achieved by next March, in addition to the existing 84 MW of solar and wind power. With the planned investment, the power cost will come down from Rs 6.46 per kWh to Rs 5.16 per kWh, a Rs 1.30 per kWh (20 per cent) reduction, which translates into Rs 90 per tonne of cement, for a targeted capacity of 140 MTPA by FY28. The Adani company has also decided to enhance its Waste Heat Recovery Systems capacity from the current 103 MW to 397 MW over five years (134 MW by March24), which will further reduce the power cost. These initiatives will help Ambuja achieve a leading share of green power among its peers, and reach 60 per cent for the planned capacity of 140 MTPA, from the current 19 per cent. Ajay Kapur, CEO, Cement Business, said the company is not just aiming for a substantial increase in green power capacity, but setting the stage for a transformative shift in the cement industry. With all requisite approvals in place, the company will exceed the committed ESG targets before initial timelines, he said. (KNN Bureau) 35937 https://knnindia.co.in/news/newsdetails/state/ambuja-cements-to-invest-rs-6000-cr-in-green-power-projects-across-gujarat-and-rajasthan 2023-12-18 16:48:04 knnindia.co.in Ambuja Cements To Invest Rs 6,000 cr In Green Power Projects Across Gujarat And Rajasthan