Construction Industry News
According to a report by Investment Information and Credit Rating Agency (ICRA), major cement companies are likely to invest up to Rs 1,700 crore in two fiscal years ending March 2022, to set up 175 MW waste heat recovery system (WHRS). capabilities to reduce energy costs.
The total cost of the 175 MW WHRS system for FY21 and FY22 will be Rs 1,400 to 1,700 crore with each MW WHRS requiring an investment of up to Rs 8 to 10 crore.
Domestic cement companies have invested in alternative or renewable energy sources in recent years, replacing well-known sources such as coal and thermal power generation, according to the agency, which has brought multiple benefits to players in addition to reducing their carbon footprint.
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