UltraTech Cement plans to increase the usage of green energy by nearly four times from the current levels by 2030, with the long-term target of meeting all its electricity requirements through renewables sources by 2050.
The country’s largest producer of cement aims to meet 85% of its total energy requirements from green energy by the end of this decade, up from 22% currently. Its interim target is to meet three-fifth of its total energy requirements from green energy by 2025-26 (Apr-Mar).
The Aditya Birla group company, which currently has the capacity to produce nearly 140 million tonne of cement each year, is expanding its waste heat recovery systems apart from switching to renewable energy sources. It currently has 691 MW of green energy capacity, which includes 262 MW of WHRS installed capacity and 429 MW of contracted renewable energy.
“As the largest cement company in the country, it is our responsibility to lead the way in building a more sustainable and green future for the industry,” KC Jhanwar, the managing director of the company said in a statement. “We have been constantly scaling up our green energy mix in our total power requirement over the years, which is a testament to our commitment towards a clean and green tomorrow,” he said.
Using technology to reduce the usage of carbon in the cement manufacturing process, and the usage of electric trucks as a part of sustainable transport are some of the other initiatives taken by the company.
The company recently announced that it will be expand production capacity to 200 million tonne, for which it announced a capital expenditure of 13,000 crore rupees. The company also recently acquired Kesoram Industries, which will add to its presence in the southern and western markets, along with incremental capacity of nearly 11 million tonne.
