The Ramco Cements Ltd., an Indian cement firm, has reportedly informed the exchanges that in line with its commitment to protecting the environment, the company has decided to deploy waste heat recovery power generating systems across its cement plants.
The waste heat recovery systems would collect the waste heat from cooler vent air and kiln exhaust gases. This saved energy would further be converted to electrical energy by using the waste heat recovery turbines and boilers, which would be installed soon, as per the company. The electricity generated through these systems would further be used to fuel the production processes.
The collection and reuse of the waste heat would decrease the power cost of the plant. Moreover, as it eliminates CO2 emissions, the system would also help the company achieve a lower carbon footprint. Deployment of waste heat recovery systems would also help Ramco Cements get closer towards its goal of self-reliance in terms of power. The new initiatives would further help the company tackle any future energy crisis as well as changes in the purchase power cost.
Ramco’s stock is presently trading at $9.6 (INR 717.30) up 2.14% from its previous closing at $9.56 (INR 702.25) on the BSE.
Portland Pozzolana Cement, the flagship product of the company utilizes fly ash, which is among the most hazardous materials. The usage of waste products coming from fly ash using thermal power plants saves the company on cost and also helps it avoid causing damage to society from the harmful product.
The company has always been a pioneer in using efficient ways to generate power. Back in 1992, Ramco decided to install wind electric generators across its premises. Wind energy is a renewable, non-conventional energy source that helps decrease the consumption of conventional energy sources such as coal. Furthermore, it also greatly reduces the carbon footprint while generating power for the industry. Investments towards wind electric generator installation enabled the firm to resolve the power crisis periods faced by the industry.