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With this commissioning of the capacity, total operating capacity of waste heat recovery system for the company has gone up to 43 MW.
The firm's wind power capacity, including its subsidiary's capacity of 40 MW, stands at 166 MW.
The company said that its entire green power capacity of 85 MW including the capacity available in the subsidiary company would be used for captive purpose. On an annualised basis, the share of green power is expected to reach 45% of the total energy consumption.
Further it added that its efforts towards augmenting of Green Energy sources, reduces the reliance on fossil fuels and minimises the Green House Gas emissions, leading to lower environmental footprint, in the cement production.
The Ramco Cements (TRCL) is a reputed cement manufacturer in India and markets its products under the Ramco brand. The company also has two modest-scale subsidiaries, Ramco Windfarms (with a 39-MW windmill capacity) and Ramco Industrial and Technology Services (which is into transport services, manpower services and IT).
The Ramco Cements reported 31.75% drop in consolidated net profit to Rs 74.41 crore in Q1 FY24 from Rs 109.02 crore in Q1 FY23. Revenue from operations jumped 26.26% to Rs 2,246.66 crore in Q1 FY24 as compared with Rs 1,779.41 crore in Q1 FY23.
The scrip fell 0.22% to Rs 919.40 on the BSE.
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