MoneyWorks4Me

Ambuja Cements to invest Rs 6,000 crore in 1,000 MW renewable power projects

18 Dec 2023 Evaluate

Ambuja Cements has planned a significant investment of Rs 6,000 crore in renewable power projects, targeting a capacity of 1,000 MW. This transformative investment encompasses a diverse portfolio of solar and wind power projects strategically positioned across Gujarat and Rajasthan.

The lineup includes a 600 MW Solar Power project and 150 MW Wind Power project in Gujarat and a 250 MW Solar Power project in Rajasthan. This will be achieved by FY 2026 (200 MW by March’24) in addition to the existing 84 MW of Solar & Wind Power.

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.


Peers
Company Name CMP
Ultratech Cement 10830.30
Ambuja Cements 384.05
ACC 1233.55
Shree Cement 21908.95
Dalmia Bharat 1690.00
View more..