UltraTech to invest Rs 500 crore in waste-heat recovery plants

UltraTech to invest Rs 500 crore in waste-heat recovery plants

Cement major UltraTech is planning to set up five waste-heat-recovery plants with an investment of Rs 500 crore.

The new facilities will have a cumulative capacity to generate 63 MW power and will take its overall capacity from the waste-heat recovery process to 121 MW. The plants are coming up at select manufacturing units.

The company will be able to meet 50 per cent of its power requirement from these plants, a BusinessLine report said.

Quoting the company’s CFO Atul Daga, the report said UltraTech has been taking various measures to reduce overall costs by improving efficiency. The waste-heat recovery plants will bring down the power cost to 50 paise per unit from Rs four, it added.

Image Credit : thehindubusinessline.com