UltraTech Cement plans for 85% green energy usage by 2030

13 Dec 2023 , 02:16 PM

UltraTech Cement intends to substantially double its use of green energy from present levels by 2030, with the long-term goal of satisfying all of its power needs through renewable sources by 2050.

The country’s largest cement maker wants to cover 85% of its overall energy needs with green energy by the end of this decade, up from 22% now. Its intermediate goal is to fulfill three-fifths of its overall energy needs using green energy by 2025-26 (April-March).

Apart from transitioning to renewable energy sources, the Aditya Birla group firm is increasing its waste heat recovery systems and has the potential to generate roughly 140 million tonnes of cement each year. It now has 691 MW of green energy capacity, including 262 MW of installed WHRS capacity and 429 MW of contracted renewable energy.

Other measures undertaken by the company include the use of technology to limit the use of carbon in the cement making process and the use of electric vehicles as part of sustainable transportation.

The company has announced plans to increase manufacturing capacity to 200 million tonnes, with a capital investment of 13,000 crore rupees. The business has recently bought Kesoram Industries, which will expand its position in the southern and western regions and provide roughly 11 million tonnes of new capacity.

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