Shree Cement Achieves 1,000 MW Power Capacity with Solar Plant Addition

Shree Cement has reached 1,000 MW power capacity through a newly commissioned 19.5 MW solar plant at its Andhra Pradesh unit. The company's diversified energy portfolio includes solar, wind, thermal, and waste heat recovery. An additional Rs 1,000 crore is planned for renewable energy expansion in FY25.

In a significant milestone, India's third-largest cement producer, Shree Cement, has achieved an installed power capacity of 1,000 MW. This milestone follows the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh facility.

The one gigawatt capacity comprises diverse energy sources, including solar, wind, thermal, and waste heat recovery. This strategic mix underscores Shree Cement's commitment to meeting electricity demands for its cement production sustainably, according to a statement released by the Bangur family-promoted company.

The company has invested Rs 4,000 crore to expand its renewable energy portfolio, which now represents almost half of its total power capacity. Looking forward, Shree Cement plans to invest an additional Rs 1,000 crore in FY25 to further boost its renewable capacity, specifically targeting the installation of 132 MW of solar power across five states, 36 MW of wind power in Rajasthan, and 34 MW of waste heat recovery capacity in Karnataka and Rajasthan.

Managing Director Neeraj Akhoury highlighted that achieving this power capacity ensures sufficient electricity for current and future cement production, with surplus power to be contributed to state and central grids.

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