Ambuja Cements Partners with Coolbrook to Drive Decarbonisation, Shares Rise Nearly 1%

Shares of Ambuja Cements, part of the Adani Group, increased by nearly 1% to ₹542.80 on the Bombay Stock Exchange (BSE) following the announcement of a strategic partnership with Coolbrook, a Finland-based technology and engineering company. The collaboration aims to reduce fossil fuel dependence and carbon emissions in cement production by adopting Coolbrook’s innovative RotoDynamic Heater (RDH) technology.

This partnership is a significant step in Ambuja Cements’ ongoing efforts to enhance its sustainability credentials and support its Net Zero commitments. The RotoDynamic Heater technology is designed to generate high temperatures needed in the cement manufacturing process using green power. This process, which harnesses mechanical energy to produce the required heat, reduces the reliance on conventional fossil fuels, thereby curbing carbon emissions.

Ajay Kapur, CEO of Cement Business at Adani Group, highlighted the strategic importance of the collaboration, emphasizing Ambuja Cements’ commitment to decarbonising its manufacturing operations. “This partnership with Coolbrook is a testament to our dedication to achieving Net Zero targets,” Kapur said. He added that the company’s focus on green power generation capabilities would allow it to reduce both fossil fuel dependence and operational costs, creating long-term value for stakeholders. The RDH technology represents a carbon-free solution that promises substantial environmental benefits by reducing the cement plant’s reliance on fossil fuels, a key contributor to carbon emissions in the industry. This move is in line with Ambuja Cements’ broader goals of operational excellence, efficiency, and sustainability.

Joonas Rauramo, CEO of Coolbrook, expressed enthusiasm about the collaboration, stating, “This partnership marks a major step forward in revolutionising heavy industries with our electrification technology. Ambuja Cements’ strong commitment to sustainability and renewable energy leadership makes them an ideal partner as we continue our mission to drive the global energy transition.” Ambuja Cements has long been a proponent of sustainable business practices and innovation, and this latest partnership further solidifies its leadership role in driving the decarbonisation of the cement sector. By integrating Coolbrook’s advanced technology, Ambuja Cements is poised to reduce its carbon footprint and improve the environmental sustainability of its operations in the years to come.