Ambuja Cements’ Green Energy Milestone: 200 MW Solar Power Operational in Khavda

Ahmedabad, 12 December 2024: Ambuja Cements, part of the Adani Group, has achieved a significant milestone in its green energy journey by commissioning a 200 MW solar power project in Khavda. This development marks the first phase of its ambitious 1 GW renewable energy project, which includes a mix of solar, wind, and waste heat recovery systems (WHRS).

The project will supply green power to 20 cement plants across India, leading to a remarkable 70% savings in power costs. The savings will positively enhance the company’s EBITDA, bolstering its financial and environmental goals.

With a total investment of ₹10,000 crore, Ambuja Cements aims to meet 60% of its power requirements from renewable sources by FY’28. The remaining 806 MW capacity, including 156 MW of wind power from Khavda and 300 MW solar power from Rajasthan, is expected to be operational in phases between March 2025 and June 2025.

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CEO’s Vision for Sustainability

Ajay Kapur, CEO of Cement Business at Adani Group, emphasized the company’s commitment to achieving net-zero emissions by 2050. He stated, “Sustainability is at the core of our ESG journey. Our 1 GW Renewable Power Project is a crucial step towards decarbonizing the value chain, reducing costs, and creating strong stakeholder value.”

The company has also integrated waste heat recovery systems (WHRS) into its strategy, contributing 376 MW to the renewable portfolio.

This bold initiative underscores Ambuja Cements’ legacy of environmental responsibility and its forward-thinking approach to building a sustainable future for the cement industry.