Cement maker Sanghi Industries Ltd will invest Rs 250 crore over the next couple of years with a focus on sustainable development, innovation and conservation of energy.
The company will invest Rs 150 crore on developing a 15 mega-watts (MW) Waste Heat Recovery System (WHRS) and another Rs 100 crore to further develop its facilities at Navlakhi Port in Gujarat, Alok Sanghi, Director, said here on Monday.
Sanghi Industries has signed a contract for installation of a WHRC at its cement plant in Kutch district of Gujarat whereby 15 MW power will be generated from the waste gases released in the air. With this technology, valuable fossil fuel and foreign exchange will be saved and there will be a significant reduction in the emission of pollutant gases, namely, carbon dioxide and sulphur dioxide, he said.
Sanghi Industries, whose plant at Abdasa in Kutch district has the capacity to manufacture 30 lakh tonnes of cement annually, will recover more than 70 per cent of waste heat generated from this plant.
For conservation of coastal soil, the company will undertake mangrove plantation spread over 200 hectares on the Gujarat coast. This initiative will protect the ecology and coastal environment and improve socio-economic development.
Sanghi said the company will focus on increasing efficiencies at its manufacturing facilities as well as reducing the carbon footprint by cutting down on pollutants that affect the environment. Also, in line with the Union Ministry of Shipping’s agenda to increase transportation through the coastal sea route, Sanghi Industries has set up a terminal with an investment of Rs 50 crore at Navlakhi Port in Kutch district. “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, a partner for the Vibrant Gujarat Global Investors’ Summits since 2003, had signed MoUs in the areas of renewable energy and sustainable environment on the coast at the seventh edition of the event this month. It is the first company in India to have a full-fledged infrastructure, from day one, including a 63 MW power plant, a desalination plant of 5500 M3 capacity, and its own jetty to cater the needs of sea route transportation and road network.