An Investment of Rs 6,000 Crore Will Be Made by Ambuja Cements in Renewable Energy

Ambuja Cements, an Indian manufacturer of construction materials, announced on Monday that it will invest 60 billion rupees, or roughly $723 million, in renewable power projects.

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An Investment of Rs 6,000 Crore Will Be Made by Ambuja Cements in Renewable Energy

Ambuja Cements, an Indian manufacturer of construction materials, announced on Monday that it will invest 60 billion rupees, or roughly $723 million, in renewable power projects.

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It stated in an exchange filing that the investment will be paid internally and that it aims to achieve a 1,000 megawatt (MW) capacity through solar

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According to the firm, these initiatives will raise its overall green power capacity from the current 19% to 60%.

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Ambuja Cements paid 51.85 billion rupees earlier this month to acquire the majority of Sanghi Industries.

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According to the statement, green power will also help to enable a greater supply of green cement, enabling the user industry to go green.

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The investment by Ambuja Cements also provides financial benefits for the company’s anticipated 140 MPTA increase in capacity.

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