Heidelberg Cement commissions 5.5 MW Solar Power Plant in Damoh; stock surges ~1%

13 Apr 2022 , 02:00 PM

Heidelberg Cement Limited informed that it has commissioned a 5.5 Mega Watt (MW) Solar Power Plant in its mining area located in Damoh, Madhya Pradesh. The aforesaid initiative will not only generate electricity but also reduce the CO2 footprint.

The solar plant is estimated to generate c. 10 Gigawatt hours per annum of solar energy which will replace electricity purchased under short-term open access and from the grid.

The company expects ~225,000 tonnes of CO2 savings by generating solar energy over the standard life of the plant. The commissioning of the Solar Plant is yet another milestone achieved in reducing the CO2 footprint.

On this occasion, Jamshed N Cooper, Managing Director stated, “Heidelberg Cement India Limited reaffirms its commitment to increase its share of green energy and spearhead its sustainability initiatives”.

HeidelbergCement India is currently trading at Rs203.90 up by Rs1.9 or 0.94% from its previous closing of Rs202 on the BSE. Its scrip has touched day’s high and low of Rs214.15 and Rs202.65 respectively.