New Delhi, Nov 11 : Cement giant Dalmia Cement (Bharat) Ltd is the first cement company to join RE100, a global collaborative initiative of the world's most influential companies committed to 100 per cent renewable power, it was announced on Friday.It's the third Indian business to join the RE100 initiative after Infosys and Tata Motors.
After adding 8 MW solar PV capacity for its captive use, Dalmia Cement has set an ambitious interim target to increase four-fold its percentage of renewable energy consumption by 2030 compared to 2015, a company's statement said.
"Being one of the greenest cement companies in the world, we are committed to decarbonising our operations in a way that makes business sense," Dalmia Cement Group Chief Executive Officer Mahendra Singhi said.
"We are scaling up our ambition to double our energy productivity and make a long-term transition to 100 percent renewable power, achieving a four-fold increase in the percentage of renewable energy in our electricity consumption by 2030," he said.
Currently, about seven per cent of the electricity sourced by Dalmia Cement is based on renewable energy.