Ramco Cements to install waste heat recovery in its plants; stock up 2%

The waste heat recovery power generating systems would recover the waste heat from the kiln exhaust gases.

Sep 14, 2020 04:09 IST India Infoline News Service

Cement
The Ramco Cements informed the exchanges on Sunday that in line with the company’s commitment of protecting the environment, it had decided to install waste heat recovery power generating systems in its cement plants.

The waste heat recovery plants would recover the waste heat from the kiln exhaust gases and cooler vent air and the saved energy would be converted into electrical energy, by way of installation of waste heat recovery boilers and turbines. The recaptured electrical energy would again be used in the manufacturing process.

The capturing and reutilisation of the waste heat reduces the power cost of the plant. Due to the reduction in CO2 emission, a lesser carbon footprint is achieved.

The installation of a waste heat recovery system is also helping the company towards its steps for self-reliance in power. This would insulate the company from future energy crises and variations in the cost of the purchased power.

The company stock is currently trading at Rs717.30 up Rs15.05 or 2.14% than previous closing of Rs702.25 on the BSE.

“The company’s most popular product of Portland Pozzolana Cement uses fly ash, one of the hazardous materials. The consumption of the waste product of fly ash from thermal power plants saves the cost and damages to the society which would otherwise entail in handling the fly ash.

Further, way back in the year 1992, the company was one of the pioneers to have gone in for installation of wind electric generators. The wind energy being renewable and from a non-conventional energy source, reduces the depletion of conventional sources of the energy like coal. It also helps to reduce the carbon footprint while generating power for industry. The investment made towards the installation of wind electric generators had helped the company to tide over the power crisis periods that were encountered by the industry subsequently,” company said.

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