Sanghi Industries to invest US$40.5m in renewable energy and port development

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India: Sanghi Industries Limited will invest US$40.5m over next couple of years with a focus on sustainable development, innovation and energy conservation. The company plans to invest US$24.3m to develop a 15MW waste heat recovery system (WHR) and another US$16.2m to further develop its facilities at Navlakhi Port in Gujarat State.

Sanghi Industries has signed a contract for installation of a WHR system at its cement plant in Kutch, Gujarat, whereby 15MW of power will be generated from the waste gases released. With the technology, valuable fossil fuel savings will be made, foreign exchange costs will be saved and there will be a significant reduction in the emission of pollutant gases. Sanghi will recover more than 70% of the waste heat generated from its cement plant.

For the conservation of coastal soil, the company will undertake a mangrove plantation spread over 2km2 on the Gujarat coast. The initiative will protect the ecology of the coast and improve socio-economic development.

"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," said Alok Sanghi, director of Sanghi Industries. "Also, in line with the Ministry of Shipping agenda to increase transportation through the coastal sea rout, Sanghi has set up a terminal with an investment of US$8m at Navlakhi Port. We will invest an additional US$16m to further develop the terminal at Navlakhi as the sea route reduces our transportation cost considerably."

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