Tag: Carbon Credit Trading System India

Top 30 Cement Plants & Their 2025-27 Carbon Targets – CCTS Draft

CCTS Draft 2025 Puts India’s Cement Kilns on the Clock

“Concrete may build the nation, but clinker bakes the planet.”

India is the world’s #2 cement producer at roughly 450 Mt in 2024, and the sector coughs up ~7 % of the country’s total GHG load.

“Vertical graphic showing a cement plant and clinker pile; text reads ‘India is the world’s #2 cement producer at ~450 Mt (2024); sector emits ~7 % of national GHG load’ beneath Anaxee logo.”


The draft Carbon Credit Trading Scheme (CCTS 2023) finally slaps hard numbers on that footprint: every large kiln now carries a Greenhouse-gas Emission-Intensity (GEI) target for FY 2025-26 and FY 2026-27. Miss the mark? Buy credits or pay a fine. Beat it? Sell the excess and brag about it at the next ESG town-hall.

Below you’ll find:

– Five fast trends (skip the jargon, keep the juice).

– A ranked table of all 30 marquee plants—baseline GEI and both targets.

– A one-click Excel download for nerds who need every row.

– A plain-English explainer on GEI math, plus where offsets could hide.

1 Five trends you should care about
What’s happening 💡 Why it matters
Clinker-to-cement ratio squeeze – BIS draft standard will let PPC hit 50 % fly-ash. Every 1 % less clinker chops ~0.8 kg CO₂/t cement.
Waste-heat recovery (WHR) binge – 900 MW WHR queued before 2027. A typical 2 MW unit shaves 3 kWh/t; that’s ≈ 20 kg CO₂/t.
Green power PPAs everywhere – UltraTech just signed 370 MW solar-plus-storage bloc. Lowers scope-2, but CCTS counts direct kiln CO₂ too—so only partial relief.
AFR race – Shree, Dalmia running >25 % alternative fuel in some lines. Each % AFR means less pet-coke; credit price could decide how fast others copy.
Anaxee angle – 50 000 Digital Runners can verify kiln-gate AFR receipts & quarry reclamation plots without sending head-office staff on red-eye flights. Proof beats promises when you monetize GEI over-performance.
2 Rank-wise list of every plant
Graphic showing assorted cement bags—UltraTech, Ambuja, ACC, Shree, Dalmia, Birla Samrat, Sankar, Ramco, Birla A1, Mycem—arranged around the Anaxee logo.
Sr. No. Company Baseline_Output_tonnes Baseline_GEI_tCO2_per_t Target_GEI_2025_26 Target_GEI_2026_27
1 UltraTech Cement Ltd, Andhra Pradesh (Tadipatri) 2403232 0.844 0.831 0.819
2 UltraTech Cement Ltd, Gujarat (Kovaya) 2368155 0.852 0.839 0.826
3 ACC Ltd, Wadi, Karnataka 4676173 0.878 0.865 0.852
4 ACC Ltd, Jamul, Chhattisgarh 4152749 0.933 0.919 0.905
5 Ambuja Cements Ltd, Maratha, Maharashtra 2103444 0.939 0.925 0.911
6 Ambuja Cements Ltd, Bhatapara, Chhattisgarh 4320571 0.849 0.836 0.824
7 Shree Cement Ltd, Beawar, Rajasthan 3675378 0.869 0.856 0.843
8 Shree Cement Ltd, Raipur, Chhattisgarh 3550292 0.909 0.895 0.882
9 Dalmia Cement (Bharat) Ltd, Dalmiapuram, Tamil Nadu 4223216 0.904 0.89 0.877
10 Dalmia Cement (Bharat) Ltd, Belgaum, Karnataka 2694573 0.872 0.859 0.846
11 Ramco Cements Ltd, Alathiyur, Tamil Nadu 3187076 0.855 0.842 0.829
12 Ramco Cements Ltd, Jayanthipuram, Andhra Pradesh 3691112 0.94 0.926 0.912
13 JSW Cement, Nandyal, Andhra Pradesh 3144009 0.929 0.915 0.901
14 Birla Corporation, Satna, Madhya Pradesh 2274686 0.861 0.848 0.835
15 JK Cement, Nimbahera, Rajasthan 3930368 0.842 0.829 0.817
16 JK Lakshmi Cement, Sirohi, Rajasthan 1579616 0.925 0.911 0.897
17 Orient Cement, Devapur, Telangana 1833271 0.936 0.922 0.908
18 India Cements, Malkapur, Telangana 4027798 0.872 0.859 0.846
19 Heidelberg Cement India, Damoh, Madhya Pradesh 3348137 0.825 0.813 0.8
20 OCL India, Rajgangpur, Odisha 3264715 0.946 0.932 0.918
21 Penna Cement, Tandur, Telangana 4674025 0.866 0.853 0.84
22 Sagar Cements, Mattampally, Telangana 1518153 0.838 0.825 0.813
23 Prism Johnson, Satna, Madhya Pradesh 2252719 0.885 0.872 0.858
24 Nuvoco Vistas, Mejia, West Bengal 3638047 0.866 0.853 0.84
25 Wonder Cement, Nimbahera, Rajasthan 1567511 0.853 0.84 0.827
26 Kesoram Cement, Sedam, Karnataka 2675449 0.897 0.884 0.87
27 Star Cement, Lumshnong, Meghalaya 4338057 0.864 0.851 0.838
28 Century Cement, Baikunth, Chhattisgarh 1864135 0.855 0.842 0.829
29 Anjani Portland Cement, Gudimalkapur, Telangana 3559336 0.949 0.935 0.921
30 My Home Industries, Mellacheruvu, Telangana 3012556 0.841 0.828 0.816

Units: GEI in t CO₂ per tonne clinker. Ranking = highest baseline output first (the big emitters).

(Data transcribed from the draft schedule; figures will be final once MoP issues the gazette.)

3 GEI=

-GEI = total kiln & calciner CO₂ / tonnes of clinker.

-Two targets: soft-landing FY 25-26, then hard stop FY 26-27.

-Penalty = credit shortfall × 2 × credit-price (rumoured ₹800–₹1 000 / t).

-Surplus = tradable asset—cash in or bank for future years.

If your kiln sits at 0.92 t/t and the target is 0.90, you owe ~20 kg per tonne. Produce 4 Mt = 80 000 t shortfall → ₹64–80 cr liability at ₹800–₹1 000. Motivation enough?

4 Who buys, who sells?
Likely Credit Buyers Likely Credit Sellers
ACC Jamul, Ambuja Maratha – older wet-kiln lineage, pet-coke heavy. UltraTech Kovaya – already at 0.83 t, targets barely nudge.
Orient Devapur – high clinker factor, limited WHR. JK Cement Nimbahera – AFR > 25 %, big WHR unit.
Century Baikunth – legacy, low alternative fuel. Ramco Alathiyur – mid-life kiln, WHR + solar PPA in place.
5 How do they close the gap?

  1. Fly-ash frenzy: PPC can legally hit >45 % ash under new BIS draft—fastest lever.

  2. AFR switch: Tyre-chips, RDF, agri-waste all count; 10 % AFR ≈ 5 % GEI drop.

  3. Calcined clay blends: LC³ pilot at Tata’s Jamshedpur R&D shows 40 % clinker cut.

  4. WHR/solar hybrids: Slashes power-plant coal but only marginal GEI change—still worth credits in other schemes.

  5. Offset route: Buy agroforestry, biochar, biogas-stove credits—hello, Anaxee last-mile MRV.

6 FAQ – asked in the canteen

Q : Why not rank by GEI instead of output?
A: Big tonnes = big emissions = big credit demand. Output tells you who moves the market.

Q : Is 0.82 t really “best in class”?
A: European BAT hovers around 0.76 t, but they burn 50 % AFR and pay €90 / t EU-ETS. India can catch up if credit price bites.

Q : Will the targets tighten in 2028?
A: Almost certainly—MoP hinted at 2 % year-on-year ratchet after the pilot phase.

7. So what?/Call-to-Action

Cutting kiln CO₂ isn’t romantic—it’s limestone chemistry and a pile of money. But with CCTS, every percent saved is a tradable rupee. Whether you retrofit a pre-heater cyclones or co-fire sugarcane trash, you’ll need bullet-proof proof. Anaxee’s 50 000 Digital Runners can collect that proof from quarries to village pellet plants—so you only sweat the board meetings, not the field sweat.

Ready to game-plan your credit strategy?
▶️ Ping the Anaxee Climate Projects desk. Let’s clinker-cancel together.

Drone based Tree Counting Agroforestry in India

 

India’s Carbon Credit Trading System (CCTS) Explained- How to Navigate the New Indian Carbon Market in 2025

1. Why Another Carbon Market- and Why Now?

India’s greenhouse-gas (GHG) emissions still trail those of China and the US on a per-capita basis, but its overall share is climbing fast. To square rapid industrial growth with its updated Nationally Determined Contribution—45 % emissions-intensity cut by 2030 and net-zero by 2070—New Delhi is rolling out a two-tier carbon market: a compliance mechanism for big emitters and a voluntary offset window for everyone else. That umbrella framework is called the Carbon Credit Trading System (CCTS).

Global politics add urgency. From 2026 the EU’s Carbon Border Adjustment Mechanism (CBAM) will slap tariffs on carbon-heavy imports; Indian exporters risk losing price advantage unless they can prove decarbonization. The CCTS provides a domestic price signal and an internationally credible emissions ledger.

2. The Legislative Backbone: 2022–2025 in Fast-Forward

3. Who Regulates What?

– Ministry of Power (MoP) – overall custodian of the Indian Carbon Market (ICM).

– Ministry of Environment, Forest & Climate Change (MoEFCC) – notifies legally binding intensity targets under the Environment Protection Act.

– Bureau of Energy Efficiency (BEE) – administrator: sector analysis, target calculation, issuance of Carbon Credit Certificates (CCCs).

– Grid Controller of India (GCI) – runs the registry.

– Central Electricity Regulatory Commission (CERC) – licenses power exchanges and sets trading rules. Draft CERC regulations allow CCC trading on any recognised exchange; OTC deals remain barred for now.

4. Scope and Coverage: Phase 1 (FY 2026)

– Nine PAT-sectors migrate first: aluminium, chlor-alkali, cement, fertiliser, iron & steel, pulp & paper, petro-chemicals, petroleum refining, textiles.

– ~800 facilities above PAT thresholds expected.

– GHGs: CO₂ and PFCs initially.

– Metric: sector-specific emissions-intensity (t CO₂e / unit of product).

– Compliance cycle: annual reporting, three-year rolling targets.


Voluntary Window

Parallel rules enable non-covered sectors—agriculture, forestry, resi-buildings, green hydrogen—to register projects and generate CCCs. Renewable-energy credits formerly traded in the REC market can migrate once methodologies are approved.

5. How the Compliance Mechanism Works

  1. Baseline & Target Setting
    BEE calculates each sector’s trajectory factoring technology potential, historic energy data and 2023-24 emissions. Draft benchmarks for 2025-27 are open for comment until late July 2025.

  2. Monitoring & Verification (MRV)
    Gate-to-gate coverage of Scope 1 & 2 emissions; some Scope 3 (intermediate product trade) included. Entities must submit a verified GHG report within 4 months of FY close. Non-compliance triggers financial penalties under the Energy Conservation Act.

  3. Issuance of CCCs
    Over-achievers earn one CCC per tonne of CO₂e saved vs. target. Under-performers must buy and surrender CCCs.

  4. Trading
    Trades occur on power exchanges (IEX, HPOWERT, PXIL) under CERC oversight. No derivatives or short selling in phase 1; unlimited banking but no borrowing.

6. Timeline to First Trade- Reality Check

While initial MoP roadmaps imagined first trades in April 2025, institutional delays mean mid-2026 is more realistic, according to recent statements by the Power Minister. Petroleum-Economist analysis even warns of slippage into late 2026 if registry testing drags.

7. PAT to CCTS: What Changes for Industry?

Issue PAT (2012-24) CCTS (2025-on)
Instrument ESCerts (energy savings) CCCs (GHG reductions)
Coverage 13 sectors Initially 9 sectors (expandable)
Metric Energy/mass GHG tCO₂e/unit
Trading venue Power exchanges Same, but stricter MRV & penalties
Banking Limited across cycles Unlimited within compliance mechanism

PAT experience gives firms a head-start on data systems, but emissions accounting demands fuel-specific NCVs, process-emissions factors and third-party verification—a leap in complexity.

8. The Voluntary Crediting Piece: New Money for New Sectors

On 28 March 2025 the MoP green-lit eight methodologies—including mangrove afforestation and green hydrogen—under a domestic offset mechanism. Expect full guidelines by Q4 2025 and trading once registry APIs integrate project issuances. That opens doors for:

  • Agro-forestry & Soil Carbon projects—big rural job creators.

  • Distributed clean-cooking (ICS) roll-outs.

  • Digital MRV providers (remote sensing, blockchain).

9. What This Means for Corporates

Compliance Entities

  1. Model your intensity gap now using 2023-24 GHG data.

  2. Identify least-cost abatement (heat-recovery, fuel switch, electrification).

  3. Set up registry & exchange accounts early; auction windows may be thin.

  4. Budget for carbon price volatility; analysts expect ₹600-₹1 200 /t ($7–14) in phase 1.

Non-Covered Players

  1. Scout eligible project types (RE, hydrogen, mangroves, cookstoves).

  2. Register early to benefit from first-mover credit scarcity.

  3. Bundle small projects—volume matters for liquidity.

10. Challenges Nobody Should Ignore

Risk Details Mitigation
MRV capacity gap India has <250 accredited verifiers; ~800 plants need annual audits. Outsource to global auditors; build domestic capacity quickly.
Price discovery Single-commodity exchanges could see thin volumes, wide bid-ask spreads. CERC exploring market-maker role, but clarity pending.
Overlaps with REC/RPO, HPO Firms could face multiple, sometimes conflicting, certificate obligations. Government promised harmonisation, but rules still in draft.
CBAM alignment EU may not recognise intensity-based credits. Seek bilateral equivalence or use CCTS as step toward absolute caps post-2030.
Data fraud High stakes may tempt mis-reporting. Blockchain registry pilots, AI-based anomaly detection (where firms like Anaxee can add value).

11. Strategic Playbook for 2025–27

  1. Map Exposure: Quantify both compliance burden and offset opportunity.

  2. Invest in Data Infrastructure: Digital MRV will be a licence to operate.

  3. Engage Policy Consultation: Target-setting drafts are live; lobby for realistic baselines.

  4. Train Teams: Carbon accounting skills are scarce—build them in-house or partner.

  5. Communicate: Investors increasingly price transition plans—use the CCTS narrative to showcase readiness.

12. Looking Ahead

India’s CCTS is not a quick copy-paste of the EU ETS; it’s an intensity-based hybrid tuned to India’s growth trajectory. The upside? Flexibility and political feasibility. The downside? Complexity and a risk of weak price signals if targets are soft. 2025-26 will be the shakedown period. Early movers—either reducing emissions or minting high-integrity credits—stand to lock in low-cost advantages before the scheme tightens post-2030.

For companies that treat carbon management as a side-desk issue, CBAM and domestic penalties will be an expensive wake-up call. For those who treat CCTS as a strategic lever, it’s a chance to turn carbon compliance into competitive edge—and, with the right partners, an entirely new revenue stream.

Planning or Executing a Carbon Project? Need help with consultation or implementation? Connect with Anaxee at sales@anaxee.com

Field Worker Sapling nursery agroforestry carbon project in India

References

ICAP ETS Database, “Indian Carbon Credit Trading Scheme” (July 2024 update) icapcarbonaction.com
Hindustan Times, “Govt notifies draft carbon rules for industries” (1 July 2025) hindustantimes.com
Press Information Bureau, “Carbon Pricing in India: Market Mechanisms for Climate Leadership” (23 June 2025) pib.gov.in
LinkedIn Article, A. Sheikh, “India’s CCTS: Policy in Motion” (26 Jun 2025) linkedin.com
SolarQuarter, “India Proposes New Emission Intensity Targets Under CCTS 2025” (26 Jun 2025) solarquarter.com
Economic Times Energy, “India to launch carbon market by 2026” (22 Feb 2025) energy.economictimes.indiatimes.com
CERC draft regulations summary, Mercom India (Nov 2024) mercomindia.com