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EQUITY - MARKET SCREENER

Thacker & Company Ltd
Industry :  Trading
BSE Code
ISIN Demat
Book Value()
509945
INE077P01034
131.1817289
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
N.A
20.76
37.52
EPS(TTM)
Face Value()
Div & Yield %
16.62
1
0
 

ultratech cement ltd
UltraTech Cement signs non-binding MoU with Punjab Renewable Energy Systems
Oct 13,2021
UltraTech Cement has announced signing a non-binding memorandum of understanding (MoU) with Punjab Renewable Energy Systems (PRESPL), India's largest biomass aggregation and densification company with forward integrated value chain. The MoU is part of UltraTech's endeavor to decarbonize its operations and aims to significantly scale-up the use of biomass in place of fossil fuel like coal in UltraTech's manufacturing operations.

Under the agreement, PRESPL will leverage its technological expertise to replace coalbased systems with biomass-based processes. PRESPL will execute the biomass-based projects at three of UltraTech's units. Cumulatively, implementation of these three projects is estimated to generate annual carbon savings of over 150 thousand tonnes of CO2.

As part of this agreement, PRESPL will also build a sustainable supply chain of agricultural waste to be utilized as biomass energy in the kilns of UltraTech's integrated units. This biomass-based fuel model helps to safely dispose agri-residue, which is currently burnt in open fields, thus helping reduce Scope 1 and Scope 2 emissions. Higher usage of agriresidue in cement kilns, will also augment income for farmers, while reducing the country's dependency on coal imports.

The MoU with PRESPL will help to further accelerate and scale up UltraTech's use of waste in its manufacturing operations thus reducing its carbon footprint while also reducing the waste to landfill for society at large.