HeidelbergCement India increases its share of green power

HeidelbergCement India Limited has signed a long-term power purchase agreement to purchase around 22 Gigawatt hours per annum solar energy under captive arrangement for its facility located in Jhansi, Uttar Pradesh. The electricity supply is likely to start from quarter ending December 2021 and will meet c. 25% of the annual electricity demand of the Jhansi plant. The electricity supply will be economical compared to existing sources and will partially replace electricity purchased under short term open access and from grid.

The expected CO2 savings by sourcing solar energy would be c. 400,000 tonnes over the life of the contract and is another milestone in reducing CO2 footprint.

"HeidelbergCement India Limited reaffirms its commitment to reduce carbon emissions and spearhead in its sustainability initiatives," said Jamshed N Cooper, Managing Director.

Shares of HeidelbergCement India Limited was last trading in BSE at Rs. 260 as compared to the previous close of Rs. 265.8. The total number of shares traded during the day was 6853 in over 526 trades.

The stock hit an intraday high of Rs. 267 and intraday low of 254.8. The net turnover during the day was Rs. 1774247.

Source : Equity Bulls

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