Ambuja Cements has unveiled an audacious goal solidifying its position as a frontrunner in the global arena of sustainable cement production. In a monumental stride towards a greener future, the Company has committed a significant investment of Rs. 6,000 crore in renewable power projects, targeting a capacity of 1,000 MW.

This transformative investment encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan. The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan. This will be achieved by FY 2026 (200 MW by March'24) in addition to the existing 84 MW of Solar & Wind Power.

The company said. "The investment not only demonstrates our commitment to environmental sustainability but also promises compelling economic advantages to Ambuja's planned larger capacity of 140 MPTA. With lower cost of generation from green power, the power cost will come down from Rs.6.46 per kWh to Rs.5.16 per kWh. A reduction of Rs. 1.30 per kWh (20%), which translates into Rs. 90 PMT of cement for targeted capacity of 140 MTPA by FY 2028, accelerating the Company's ESG targets. Additionally, green power will assist in enabling an increased supply of green cement, making it possible for the user industry (infrastructure and housing) to go green."

Ambuja Cements is also enhancing its Waste Heat Recovery Systems (WHRS) capacity from the current 103 MW to 397 MW over the period of 5 years (134 MW by March'24), which will further reduce the power cost.

These initiatives are pivotal part of a broader vision which will help Ambuja achieve the leading share of Green Power amongst its peers, reaching 60% for the planned capacity of 140 MTPA from the current 19%.