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UltraTech commits to Net Zero Concrete Roadmap announced by GCCA

Posted On : 2021-11-09 12:40:22( TIMEZONE : IST )

UltraTech commits to Net Zero Concrete Roadmap announced by GCCA

UltraTech Cement Limited, the largest manufacturer of grey cement, white cement and readymix concrete in India, announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete.

This commitment to produce carbon neutral concrete by 2050 is a collective commitment of the world's leading cement and concrete companies to fully contribute to building the sustainable world of tomorrow. The Roadmap also includes a sectoral commitment to cut CO2 emissions by a further 25 per cent by 2030.

UltraTech has made this commitment as a founding member of Global Cement and Concrete Association (GCCA). UltraTech is among forty of the world's leading cement and concrete manufacturers to affirm their commitment to net zero concrete by 2050 and agree to an ambitious intermediate goal of preventing 5 billion tonnes of CO2 emissions by 2030. The GCCA has published a detailed 'Concrete Future' roadmap which sets out the path that the industry will follow to fully decarbonize by 2050, a target aligned with the Paris Agreement to limit global warming to 1.5°C.

"We at UltraTech are fully committed to work together with our partners and stakeholders with the aim of achieving the Net Zero goal. GCCA's 'Concrete Future' roadmap outlines this collective endeavour and will guide us to a Net Zero future for the building material sector. The roadmap will help deliver a decarbonised industry, provide Net Zero concrete and, together, help build a sustainable world of tomorrow," said Kailash Jhanwar, Managing Director, UltraTech Cement.

The 'Concrete Future' roadmap is built around a seven-point plan that relies on ambitious yet achievable actions to reduce the amount of CO2 intensive clinker in cement, significantly reduce fossil fuel use in manufacturing, and accelerate innovation in products, process efficiency and breakthrough technologies including carbon capture.

This move by the members of the GCCA marks the biggest global commitment by an industry to net zero so far - bringing together companies from the Americas, Africa, Asia (including India and China), and Europe. GCCA members account for 80 per cent of the global cement industry volume outside of China, and also include several large Chinese manufacturers.

Shares of UltraTech Cement Limited was last trading in BSE at Rs. 8212.55 as compared to the previous close of Rs. 7877.35. The total number of shares traded during the day was 31379 in over 6014 trades.

The stock hit an intraday high of Rs. 8267.00 and intraday low of 7850.00. The net turnover during the day was Rs. 256460725.00.

Source : Equity Bulls


UltraTechCementLimited INE481G01011 ULTRACEMCO NetZeroConcrete Roadmap