Ultratech to have 85% green energy mix by 2030

Mumbai: The largest cement and ready-mix concrete maker Ultratech Cement on Wednesday announced that it plans to increase the overall share of green energy in its total energy mix to 85 per cent by 2030.

As an interim target for its sustainability objectives and targets, the AV Birla Group company plans to increase its total green energy share from its current 22 per cent to 60 per cent by FY26. Currently the company has 691 MW of green energy capacity, which includes 262 MW of WHRS (waste heat recovery system) installed capacity and 429 MW of contracted renewable energy. This translates to about 22 per cent of its current energy requirements.

“As the country’s largest cement maker, it is our responsibility to lead the way in building a more sustainable and green future for the industry by decarbonization. We’ve been constantly scaling up our green energy mix over the years,” said KC Jhanwar, the managing director.

Ultratech targets to meet 100 per cent of its electricity requirement through renewable sources by 2050, as part of its commitment towards green power.