Ambuja Cements to invest Rs 6,000 crore in renewable power projects – EQ

now viewing

Ambuja Cements to invest Rs 6,000 crore in renewable power projects – EQ

December 18, 2023 Anand Gupta

In the Matter of adoption of Tariff bidding procedure by MNRE, Govt. of India for procurement of 215 MW solar power - EQ

December 18, 2023 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for adoption of transmission charges System being established by Rajasthan IV C Power Transmission Limited - EQ

December 18, 2023 Anand Gupta

Promoting the Expansion of Photovoltaics by Cutting Production Times for High-Efficiency Solar Cells by Half

now playing

India May Replace Southeast Asian Nations As Leading Solar PV Exporter To US - EQ

December 18, 2023 Anand Gupta

NTPC Vidyut Vyapar Nigam Ltd. (NVVN) invites online bids from eligible bidders on Single Stage Two Envelope bidding basis for Operation of 100 Nos. of Electric Buses in the state of Goa.

now playing

NVVN awards contracts worth 66 MW to Kirloskar and Oriana - EQ

December 18, 2023 Anand Gupta

Adani Green Energy ranked first in Asia and among top 10 for renewable energy companies globally for ESG performance

now playing

Adani Green Energy to raise $2 bn via bonds, loans for renewable projects - EQ

December 18, 2023 Anand Gupta

Steel recycler beats wind firm to become world’s most sustainable company

now playing

MoHUA Signs Key MoU with UN-Habitat for Resilient Cities - EQ

December 18, 2023 Anand Gupta

Sustainability must be core of India Inc’s business strategy

now playing

Odisha Delegation Begins Singapore Visit With Promising Investment Talks - EQ

December 18, 2023 Anand Gupta

Details of major schemes launched by the Ministry of Power since 2014

now playing

Central Electricity Authority approves the Uniform Protection Protocol for users of the Indian Grid for implementation on Pan India basis - EQ

December 18, 2023 Anand Gupta

Ministry of Environment, Forest and Climate Change

now playing

CAQM invokes Stage-IV of the GRAP in the entire Delhi-NCR w.e.f. 08:00 AM of 18.11.2024 (tomorrow) in addition to all actions under Stage I, II and III to prevent further deterioration of air quality in the region - EQ

December 18, 2023 Anand Gupta

now playing

India expresses dissatisfaction on unwillingness by Developed countries to engage on Climate Finance and Mitigation Work Programme at CoP29 in Baku, Azerbaijan - EQ

December 18, 2023 Anand Gupta

In Short : Ambuja Cements has announced a substantial investment of Rs 6,000 crore in renewable power projects. This strategic commitment underscores the company’s dedication to sustainable practices, as it aims to enhance its energy portfolio with a focus on renewable sources, contributing to both environmental and business goals.

In Detail : Indian construction materials maker Ambuja Cements will invest Rs 6,000 crore (nearly $723 million) in renewable power projects, the company said on Monday.

The investment will be funded internally and is expected to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in Gujarat and Rajasthan, it said in an exchange filing, without providing details on the funding process.

The Adani Group-owned company added that the capacity from solar power and wind power projects will be achieved by fiscal 2026, and add to its existing capacity of 84 MW.

These projects will increase the company’s total green power capacity to 60 per cent from the existing 19 per cent, it said.

Earlier this month, Ambuja Cements acquired a majority stake in Sanghi Industries for Rs 5,185 crore.

Last month, bigger rival UltraTech Cement said it will acquire the cement business of Kesoram Industries in an all-stock deal valued at Rs 5,379 crore.