Original article written by: Reuters
It stated in an exchange filing that the investment will be paid internally and that it aims to achieve a 1,000 megawatt (MW) capacity through solar and wind power projects in Gujarat and Rajasthan. It did not provide any information regarding the funding procedure.
The Adani Group-owned business also stated that it will add 84 MW to its current capacity by fiscal 2026 by achieving the capacity from solar and wind power projects.
According to the firm, these initiatives will raise its overall green power capacity from the current 19% to 60%.
For 51.85 billion rupees earlier this month, Ambuja Cements purchased the majority of Sanghi Industries.
Larger competitor UltraTech Cement said last month that it will buy Kesoram Industries' cement division in an all-stock transaction worth 53.79 billion rupees.