Business Update4 Apr 2024, 09:34 pm
UltraTech Cement Completes 100MW Solar Project, Boosts Renewable Capacity to 880MW
AI Summary
UltraTech Cement Limited has announced the completion of its first 100MW solar project under the Group Captive scheme in Rajasthan. This marks the Company's first acquisition of power from the inter-state transmission network, allowing it to distribute power to its units in Rajasthan, Gujarat, Himachal Pradesh, Tamil Nadu, and Odisha. With this addition, UltraTech's renewable power capacity now stands at 612MW, and its total capacity, including 278MW of Waste Heat Recovery Systems (WHRS), reaches 880MW. The Company remains committed to green energy and aims to increase its green power mix to 85% by 2030.
Key Highlights
- UltraTech Cement completes 100MW solar project in Rajasthan
- Project is the Company's first to source power from inter-state transmission network
- Power distribution to units in Rajasthan, Gujarat, Himachal Pradesh, Tamil Nadu, and Odisha
- UltraTech's renewable power capacity now at 612MW; total capacity at 880MW
- Company reaffirms commitment to increasing green power mix to 85% by 2030