On December 12, 2024, Ambuja Cements, part of the Adani Group, successfully commissioned a 200 MW solar power project in Khavda. This marks the first phase of its ambitious 1 GW renewable energy initiative, which also includes wind power and waste heat recovery systems.
The solar project will reduce energy costs by an impressive 70%, positively impacting the company’s EBITDA. CEO Ajay Kapur emphasised the company’s commitment to sustainability and achieving net zero emissions by 2050. By FY28, green power sources will meet 60% of Ambuja’s energy needs.
Ambuja plans to commission the remaining 806 MW in phases. This includes 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan by March 2025, with the final 350 MW expected by June 2025.
Ambuja Cements has a strong history of environmentally friendly practices. It continues to lead the decarbonisation of the cement industry, integrating sustainability into all aspects of its operations. The company has invested ₹10,000 crore in its green energy initiatives to build a cleaner, more inclusive future.
Ambuja Cements is a leading cement manufacturer in India with a production capacity of 89 MTPA across 43 plants. Recognised as one of India’s most trusted brands, Ambuja is a pioneer in sustainable business practices and innovative home-building solutions.
As of 9:34 AM on December 13, Ambuja Cements share price is trading at ₹570.15, down by ₹1.60 (0.28%) from the previous close, with an opening price of ₹570.00 and a high of ₹574.95.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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