Sanghi Industries to invest in renewable energy and port development
Published by Katherine Guenioui,
Editor
World Cement,
Sanghi Industries Limited, one of the major cement players in western India, has announced plans to invest Rs.250 crore over the next couple of years, with a focus on sustainable development, innovation and energy conservation projects. The company will invest Rs.150 crore in a new 15 MW waste heat recovery (WHR) system and a further Rs.100 crore to develop its facilities at Navlakhi Port in Gujarat.
The WHR project is already underway, the contract having been signed for its installation at Sanghi Industries’ cement plant in Kutch, Gujarat. Some 15 MW of power will be generated from the waste gases released to the air. This technology will save valuable fossil fuels, foreign exchange will be saved and there will be a significant reduction in the emission of pollutant gases such as carbon dioxide and sulfur dioxide. Sanghi will recover more than 70% of waste heat generated from its cement manufacturing process.
To conserve coastal soil, the company will undertake a mangrove plantation spread over 200 hectares on the Gujarat coast. This initiative will protect the ecology and coastal environment and will also improve socio-economic development.
Explaining the company’s strategy, Mr. Alok Sanghi, Director of Sanghi Industries Ltd said, “Our focus is on increasing efficiencies at our manufacturing facilities as well as reducing our carbon footprint by cutting down on pollutants that affect the environment. Also, in line with the Ministry of Shipping agenda to increase transportation through the coastal sea rout, Sanghi has set up a terminal with an investment of Rs.50 crore at Navlakhi Port. We will invest an additional Rs.100 crore to further develop the terminal at Navlakhi as the sea route reduces our transportation cost considerably.”
Sanghi Industries has been a pioneer in the industrial growth story of Kutch district in Gujarat and has been a partner for each successive Vibrant Gujarat Global Investors’ Summit since 2003 - the company has committed investments in Gujarat at each one of these summits. At the 7th Vibrant Gujarat Global Investors’ Summit the focus has been on sustainable development, innovation and conservation of energy and renewable energy – keeping these as focus areas Sanghi Industries has signed MoUs in the areas of renewable energy and sustainable environment on the coast.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/20012015/sanghi-industries-to-invest-in-renewable-energy-and-port-development-163/
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