Potential offtaker

Shree Cement Ltd.

www.shreecement.in

Estimated electricity consumption

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Countries of production presence

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Shree Cement Ltd. is a leading cement manufacturing company in India that has been in operation since 1979. The company operates in the cement sector and has a strong presence in the northern and eastern regions of the country. Shree Cement is committed to sustainable development and has been taking various initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Shree Cement. The company has set a target of reducing its carbon emissions by 30% by 2030. To achieve this target, Shree Cement has been investing in various initiatives such as energy efficiency, use of alternative fuels, and adoption of new technologies. The company has also been working on developing low-carbon cement products that have a lower carbon footprint compared to traditional cement.

Corporate energy management is another area where Shree Cement has been making significant progress. The company has implemented various measures to improve energy efficiency and reduce energy consumption. Shree Cement has also been investing in renewable energy sources such as wind and solar power. The company has set a target of generating 30% of its energy requirements from renewable sources by 2025.

Corporate Power Purchase Agreements (PPAs) have emerged as a popular way for companies to procure renewable energy. Shree Cement has been actively pursuing corporate PPAs to meet its renewable energy targets. The company has signed a PPA with a wind power project in Rajasthan, which will supply 80 MW of power to Shree Cement's operations. The company is also exploring opportunities to sign more corporate PPAs with other renewable energy projects.

Renewable energy is a key focus area for Shree Cement. The company has been investing in various renewable energy projects to reduce its carbon footprint and meet its energy requirements. Shree Cement has set a target of installing 200 MW of renewable energy capacity by 2025. The company has already installed 95 MW of wind power capacity and is in the process of setting up a 20 MW solar power project.

Apart from renewable energy, Shree Cement has also been exploring the use of alternative fuels to reduce its carbon emissions. The company has been using waste-derived fuels such as biomass, municipal solid waste, and plastic waste in its cement manufacturing process. Shree Cement has also been using fly ash, a byproduct of coal-fired power plants, as a raw material in its cement manufacturing process.

Shree Cement has been recognized for its efforts towards sustainable development. The company has been ranked among the top 10 cement companies globally in the Dow Jones Sustainability Index (DJSI) for three consecutive years. The DJSI assesses companies based on their economic, environmental, and social performance.

In conclusion, Shree Cement Ltd. is a leading cement manufacturing company in India that has been taking various initiatives to reduce its carbon footprint and promote renewable energy. The company has set ambitious targets for decarbonisation, energy efficiency, and renewable energy adoption. Shree Cement has been investing in various renewable energy projects and exploring the use of alternative fuels to reduce its carbon emissions. The company's efforts towards sustainable development have been recognized globally, and it is committed to continuing its journey towards a more sustainable future.

✓ Science Based Targets member
✓ Declared Net Zero commitment