Ambuja Cements to invest $723 mn in green energy

Ambuja Cements Ltd., controlled by billionaire Gautam Adani, said it will invest 60 billion rupees ($723 million) to build 1,000 megawatt of renewable power projects as the Indian conglomerate seeks to move rapidly toward its net zero goals. The Mumbai-based cement maker, which the Adani Group acquired from Holcim Ltd. last year, will be funding