Adani Group plans to make all its port operations carbon-neutral

Adani Group intends to make all its port operations carbon-neutral by 2025 and net-zero by 2040. This transformation includes electrifying all cranes, switching all diesel-based internal transfer vehicles to battery-based internal transfer vehicles (ITVs), and installing an additional 1,000 MW of captive renewable capacity. 

The Group conducts its port operations through Adani Ports and Special Economic Zone (APSEZ). It is committed to protecting the environment, which also reflects its expanding mangrove plantations, with the aim to reach 5,000 hectares by FY25. The Group’s cement firms will power 60 percent of its production with renewable energy sources by 2028. 

This significant move will enhance the environmental footprint of its cement and also marks a major step towards sustainability. Currently, Ambuja Cements and ACC have a combined installed production capacity of 67 MTPA, which is expected to rise to 100 MTPA by 2025, which would include its acquisition of Sanghi Cement. In August this year, Ambuja Cements signed an agreement to acquire a 56.74 percent stake in Sanghi Industries at an estimated value of Rs 5,185 crore.

News by Rahul Yeligetti