Ambuja Cements commits Rs 60 billion investment for renewable energy projects

Ambuja Cements Limited has committed to invest Rs 60 billion for 1,000 MW renewable energy projects. The company intends to establish a varied range of solar and wind energy projects strategically located throughout Gujarat and Rajasthan. It comprises a 600 MW solar energy project and a 150 MW wind energy project in Gujarat, along with a 250 MW solar power project in Rajasthan. This target will be accomplished in phases to achieve 284 MW by the fiscal year (FY) 2024, 640 MW expected to be in place by FY 2024, and 1,090 MW by FY 26.  The company has currently solar and wind power capacity of 84 MW.