Shree Cement expands Roorkee solar capacity to 7 MWp with ₹16 crore investment, advancing its 293.5 MWp renewable energy portfolio for greener cement production.
Key Project Highlights
✅ Capacity Addition: 6 MWp solar plant (Total at Roorkee: 7 MWp)
✅ Investment: ₹16 crore
✅ Annual CO₂ Reduction: 6,500 metric tonnes
✅ Company-wide Solar Capacity: 293.5 MWp
Strategic Sustainability Initiative
Operational Impact
| Parameter | Before | After |
|---|---|---|
| Roorkee Solar Capacity | 1 MWp | 7 MWp |
| Grid Dependency | High | Reduced by ~30% |
| Carbon Footprint | Higher | 6,500T annual reduction |
Neeraj Akhoury, MD, Shree Cement:
“This expansion reinforces our commitment to decarbonizing cement production while creating local green jobs.”
Industry Context & Benefits
Why This Matters for Cement Manufacturing
✔ Energy-Intensive Sector: Cement accounts for 7% of global CO₂ emissions
✔ Cost Savings: Solar offsets ₹4-5 crore/year in power costs
✔ ESG Compliance: Aligns with India’s net-zero by 2070 goal
Shree Cement’s Green Leadership
- 293.5 MWp total solar capacity (Top 3 in Indian cement sector)
- Waste Heat Recovery: 46 MW across plants
- Alternative Fuel Usage: 8.5% thermal substitution rate
Project Economics
- Payback Period: ~4 years
- ROI: 20%+ (factoring in rising grid tariffs)
- Employment: 50+ local jobs during construction
Technology Used:
- Polycrystalline PV panels
- String inverters
- Robotic cleaning system
Future Roadmap:
- 500 MWp solar target by 2030
- Carbon Capture pilot projects