UltraTech Cement on December 13 announced its plan to significantly increase the share of green energy in its total energy mix. The company aims to raise its current green energy portion of 22 percent to 60 percent by the fiscal year 2026, as an interim goal towards achieving an 85 percent green energy mix by 2030.
K C Jhanwar, Managing Director of Ultratech Cement, highlighted the company's commitment to spearheading sustainability efforts in the industry, citing green energy as a key driver for decarbonisation.
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The company said that it aims to meet its entire electricity requirement through renewable sources by 2050, as part of its RE100 commitment. Additionally, as a member of EP100, the company seeks to double its energy productivity.
It currently operates with 691 MW of green energy capacity, inclusive of 262 MW from Waste Heat Recovery Systems (WHRS) and 429 MW from contracted renewable energy sources, fulfilling approximately 22 percent of its current energy needs.
UltraTech's initiatives to boost green energy involve transitioning to renewable energy sources and expanding WHRS, as per a press release issued by the company. Moreover, the company has pledged not to invest further in thermal power capacity.
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In efforts to decarbonise its manufacturing operations, the company said that it is exploring advanced technologies. Collaborating with Coolbrook, the company is working on implementing RotoDynamic HeaterTM (RDH) technology in cement manufacturing units. This technology uses renewable energy for heating processes, reducing reliance on fossil fuels.
The cement major has also introduced CNG/LNG trucks and has committed to deploying electric and alternative fuel vehicles by June 2025. Currently, the company operates over 390 CNG trucks and 50 LNG trucks across 17 manufacturing units.
On December 13, Ultratech stock closed at Rs 9,748.90, down 1.16 percent lower, after briefly touching the Rs 10,000 mark.
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