Adani-owned Ambuja Cements has successfully commissioned a 200 MW solar power project in Khavda, with the remaining 806 MW capacity at various stages of completion. These additional capacities are expected to begin transmitting power in phases between March and June 2025, as stated in a regulatory filing. The new development is set to enhance the company’s EBITDA by reducing power costs by 70% compared to current levels.
Ajay Kapur, CEO – Cement Business, Adani Group, highlighted the group’s commitment to responsible and sustainable growth, stating, “Achieving Net Zero emissions by 2050 is integral to our ESG journey. This marks the first phase of our 1 GW Renewable Power Project aimed at decarbonizing our value chain. By FY’28, we plan to source 60% of our total energy consumption from green power, lowering costs and delivering robust value to our stakeholders. Sustainability remains a core principle embedded in every aspect of our business.”
The company has secured standing clearance for its 200 MW solar power project from the Western Regional Load Dispatch Centre (WRLDC), effective December 12, 2024. This marks the first phase of its Rs 10,000 crore Green Energy Project, encompassing 1 GW of renewable energy through solar and wind power, alongside 376 MW of Waste Heat Recovery Systems (WHRS). Ambuja Cements announced that an additional 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan are slated for commissioning by March 2025, with the remaining 350 MW of solar capacity expected to go live by June 2025.
In October, Ambuja Cements reported a 42.5% decline in fiscal second-quarter profit to Rs 455.96 crore, down from Rs 792.96 crore in the same period of FY24. However, revenue from operations grew by 1.2% to Rs 7,516.11 crore, driven by a 1% rise in trade sales volume and an increase in premium product sales, which accounted for 26% of trade sales, up by 3.3 percentage points year-on-year.
Ambuja Cements Limited, part of the Adani Group, is a leading player in the Indian cement industry, known for its commitment to sustainability and innovation. With a strong focus on reducing its environmental footprint, Ambuja has set ambitious targets to achieve net-zero emissions by adopting green technologies and alternative energy sources.
