Ambuja Cement’s big initiative in green energy, plants will be set up in Gujarat and Rajasthan, know how much the investment will be.
New Delhi: Do you know Ambuja Cement, the cement manufacturing company of Adani Group? This company is now going to make a big investment in the green energy sector. The company plans to invest Rs 6000 crore in renewable power projects. With this the company will have the capacity of about 1000 MW green power. This investment will be in the field of solar and wind energy.
Ambuja Cement disclosed the plan in a regulatory filing on Monday. Ambuja Cement’s plan to enter green energy will create a diverse portfolio. There will be solar power and wind power in this portfolio. These plants will be in Gujarat and Rajasthan. 600 MW solar project and 150 MW wind power project will be built in Gujarat. Similarly, a 250 MW solar power project will be built in Rajasthan. It is expected that this scheme will come on the ground by the year 2026. It is noteworthy that good winds blow in the coastal areas of Gujarat. It is always sunny in Rajasthan.
Adani Group invests heavily in green energy
Gautam Adani-led Adani Group is investing heavily in green energy. Adani Group also wants to use green energy in its businesses. The aim of the 5 companies of the group is to become carbon emission free by the year 2050. To move forward in this direction, Adani Group will invest $100 billion in green energy in the next 10 years.
