Adani-owned Ambuja Cements announced that it has commissioned and started power transmission from its 200 MW solar power project in Khavda. The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025, the company said in a regulatory filing. Positively impacting the company’s EBITDA, the development will lead to a saving of 70 per cent as compared to current power cost.
Ajay Kapur, CEO – Cement Business, Adani Group, said, “Growing responsibly and sustainably is fundamental to our ESG excellence journey as we are proudly committed to achieving Net Zero emissions by 2050. This is the first phase of our 1 GW Renewable Power Project in our efforts to decarbonize the value chain. We aim to power 60 per cent of our total energy consumption from green power sources by FY’28. This helps us in reducing our overall cost and delivering strong value to our stakeholders. Our sustainability principles are integrated into all aspects of our business and reflect our forward-thinking vision.”
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The company has received standing clearance for its 200 MW solar power project from the Western Regional Load Dispatch Centre (WRLDC), effective 12th December 2024. This first phase of its Green Energy Project, paves the way for further value unlocking for the company’s Rs 10,000 crore investment towards green power – 1 GW of Renewable Energy, including solar and wind, along with 376 MW of Waste Heat Recovery Systems (WHRS).
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Of the remaining 806 MW capacity from this project, Ambuja Cements said, 156 MW of wind power from Khavda and a further 300 MW solar power from Rajasthan are expected to be commissioned by March 2025 in phases. The balance 350 MW Solar power is expected to be commissioned by June 2025.
Earlier in October, Ambuja Cements had released its fiscal second quarter earnings with profit down by 42.5 per cent at Rs 455.96 crore,
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