Ambuja Cements, the cement and building materials company under the diversified Adani Portfolio, has successfully commissioned its 200 MW solar power project in Khavda, Gujarat. This marks the initial phase of its ambitious 1 GW Renewable Power Project. The project is set to deliver a remarkable 70% cost savings on power expenses, positively influencing the company’s EBITDA and boosting overall efficiency.
The remaining 806 MW of capacity from this project is scheduled for phased commissioning between March 2025 and June 2025. This includes 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan, both expected to be operational by March 2025. The final 350 MW segment of solar power is anticipated to become operational by June 2025.
Ajay Kapur, CEO of Cement Business, Adani Group, highlighted the company’s steadfast commitment to achieving Net Zero emissions by 2050, underscoring sustainability as a core pillar of its business strategy. Kapur remarked, "This first phase of our renewable power project is a vital step in decarbonizing the value chain. By FY28, we aim to source 60% of our energy from green power, aligning with our vision to deliver value while reducing costs. Our sustainability principles drive every facet of our operations, demonstrating our commitment to building a better future."
The Khavda project has received standing clearance from the Western Regional Load Dispatch Centre (WRLDC), effective December 12, 2024. With an investment of Rs 10,000 crore in green energy initiatives, Ambuja Cements is not only focusing on solar and wind power but also incorporating 376 MW of Waste Heat Recovery Systems (WHRS) into its renewable energy portfolio.
These initiatives are paving the way for a greener and more sustainable future, ensuring long-term benefits for stakeholders and setting a benchmark for ESG excellence in the industry.
