On December 12, 2024, Ambuja Cements, part of the Adani Group, successfully commissioned a 200 MW solar power project in Khavda.

This marks the first phase of its ambitious 1 GW renewable energy initiative, which also includes wind power and waste heat recovery systems.

This solar project is an important step toward the company's broader goal of transitioning to renewable energy sources, underscoring its commitment to sustainability.

The solar project is expected to significantly reduce energy costs by 70%, which will positively impact the company’s EBITDA.

CEO Ajay Kapur emphasized that the company is focused on achieving its net-zero emissions target by 2050.

Additionally, by FY28, Ambuja plans for 60% of its energy needs to be met through green power sources, further solidifying its dedication to sustainable energy practices.

Ambuja Cements has outlined a clear path for expanding its renewable energy capacity, with the remaining 806 MW to be commissioned in phases.

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 is expected to be completed by June 2025, marking significant progress in the company’s green energy agenda.

With a strong history of environmentally responsible practices, Ambuja Cements has been a leader in the decarbonization of the cement industry.

The company has invested ₹10,000 crore in its green energy initiatives, aiming to build a cleaner, more sustainable future.

Ambuja integrates sustainability into every aspect of its operations, driving both environmental and business benefits.

Ambuja Cements is one of India’s top cement manufacturers, with a production capacity of 89 MTPA across 43 plants.

The company is recognized as one of India’s most trusted brands and is a pioneer in sustainable business practices, offering innovative solutions for homebuilding.

As of 9:34 AM on December 13, 2024, Ambuja Cements’ share price was ₹570.15, a slight decrease of ₹1.60 (0.28%) from the previous close, with an opening price of ₹570.00 and a high of ₹574.95.