Gautam Adani, Chairman of Adani Group, emphasized how the conglomerate's cement arm is making great progress towards sustainability. He stated that the company intends to power 60% of its cement output with renewable energy by 2028. Adani stated that he expects the firm to be a pioneer in sustainable cement production.
"Ambuja and ACC are driving a long-term revolution in the cement industry." Over 90% of our cement output currently consists of blended cement made from waste fly ash and slag. This big adjustment not only improves our cement's environmental imprint but also represents a significant step towards sustainability. Furthermore, by 2028, we intend to power 60% of our cement production with renewable energy sources. "This ambitious goal will position us as a global leader in sustainable cement production," Gautam Adani said in a post on X.
Ambuja Cements announced in May that it would increase its blended cement manufacturing capacity by 14 million metric tonnes over the next five years. Ambuja said in a stock exchange filing that it had placed orders to enhance clinker capacity by 8 million tonnes at two units that would run on green power or renewable energy, as well as to help increase blended green cement production by 14 million tonnes. Ambuja CEO Ajay Kapur stated that the company's objective is to double its production capacity over the next five years, from 67.5 million tonnes per year.
In September of last year, the Adani Group announced the largest cement acquisition in history, estimated at $6.50 billion. Adani owns 63.15 percent of Ambuja Cements and 56.69 percent of ACC, making it the country's largest cement manufacturer.
Meanwhile, in the midst of COP28, Adani Electricity said on X yesterday that it stands out with its green initiatives. "By 2027, we plan to provide 60% renewable electricity to Mumbai, setting a global record for a major city." Over 38% of our current supply is green. "This Diwali, we set a new precedent by powering Mumbai entirely with renewable energy, demonstrating our commitment to a sustainable future," he stated.