Ambuja Cements to invest Rs 60 bn in Green Power Projects
POWER & RENEWABLE ENERGY

Ambuja Cements to invest Rs 60 bn in Green Power Projects

Ambuja Cements, a company under the Adani Group, has announced plans to invest Rs 60 billion in renewable power projects, according to an exchange filing on December 18. The diversified Adani Group's cement and building material subsidiary will internally finance the investment, without providing further details on the funding process.

The company aims to achieve a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan. The project lineup includes 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.

Ambuja Cements has set a target to reach the specified capacity from solar and wind power projects by fiscal 2026, contributing to its existing capacity of 84 MW. Upon completion, these projects will increase the company's total green capacity from 19% to 60%.

The adoption of green power is expected to significantly reduce the company's power costs, decreasing from Rs 6.46 per kWh to Rs 5.16 per kWh. This 20% reduction, equivalent to Rs 1.30 per kWh, is projected to translate into a savings of Rs 90 per metric ton of cement by fiscal year 2028, as per the statement.

It is worth noting that in early December, Ambuja Cements acquired a majority stake in Sanghi Industries for Rs 51.85 billion.

Ambuja Cements, a company under the Adani Group, has announced plans to invest Rs 60 billion in renewable power projects, according to an exchange filing on December 18. The diversified Adani Group's cement and building material subsidiary will internally finance the investment, without providing further details on the funding process. The company aims to achieve a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan. The project lineup includes 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. Ambuja Cements has set a target to reach the specified capacity from solar and wind power projects by fiscal 2026, contributing to its existing capacity of 84 MW. Upon completion, these projects will increase the company's total green capacity from 19% to 60%. The adoption of green power is expected to significantly reduce the company's power costs, decreasing from Rs 6.46 per kWh to Rs 5.16 per kWh. This 20% reduction, equivalent to Rs 1.30 per kWh, is projected to translate into a savings of Rs 90 per metric ton of cement by fiscal year 2028, as per the statement. It is worth noting that in early December, Ambuja Cements acquired a majority stake in Sanghi Industries for Rs 51.85 billion.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code