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Cement manufacturer Sanghi Industries today said it will invest Rs 250 crore over the next couple of years for developing waste heat recovery system and facilities at Navlakhi Port in Gujarat.
The company will be investing Rs 150 crore for developing 15 MW waste heat recovery system (WHRS) and another Rs 100 crore to further develop its facilities at Navlakhi Port in Gujarat, the company said in a release.
"Our focus is on increasing efficiencies at our manufacturing facilities as well as reducing our carbon footprint by cutting down on pollutants that affect the environment," company's Director Alok Sanghi said.
The company has signed a contract for installing the system at its cement plant in Kutch, Gujarat whereby 15 MW power will be generated from the waste gases.
"With this technology, the valuable fossil fuel as well as foreign exchange will be saved and there will be a significant reduction in the emission of pollutant gases like carbon dioxide and sulphur dioxide. We expect to recover more than 70% of waste heat generated from its cement manufacturing plant," he said.
The company has already set up a terminal with an investment of Rs 50 crore at Navlakhi Port and plans to invest an additional Rs 100 crore to further develop the terminal as the sea route reduces our transportation cost considerably, Sanghi said.
"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 will also improve socio-economic development," Sanghi said.
