Ambuja Cements, the cement and building material company of the Adani Group, plans to invest Rs. 6,000 crore in renewable power projects, targeting a capacity of 1,000 MW through solar and wind power projects across Gujarat and Rajasthan.\
The investment will be funded through internal accruals.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 is expected to be achieved by FY 2026 (200 MW by March 2024) in addition to the existing 84 MW of solar & wind power.With this 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
The company is also enhancing its waste heat recovery systems (WHRS) capacity from the current 103 MW to 397 MW over the period of five years (134 MW by March 2024).
Ambuja plans to take the green power share to 60% from the current 19% for the planned capacity of 140 MTPA.