Besides investing in new renewable energy assets, the company said it also aims to achieve a 50 per cent reduction in specific emission and 30 per cent reduction in specific energy consumption by 2030 over a 2014-15 baseline. 

"Such efforts in decarbonising energy consumption through low-carbon energy solutions will be met through large-scale digitalisation and R&D initiatives, cross-sectoral collaborations and partnerships," it added. 

Commenting on the company's green ambitions, ITC Ltd Group Head –R&D, Sustainability and Projects Sanjiv Rangrass said, "Since making sustainability a core objective in all business operations two decades ago, we have worked on a low carbon growth plan, in which expanding our renewable energy portfolio is our top priority." 

To pursue continuous improvement in energy and emission related performance, we have taken up specific energy and Greenhouse Gas emission reduction targets. The results of our 360-degree sustainability initiatives are manifest in the company's decade-long achievements even as our businesses expand rapidly together with the creation of six million sustainable livelihoods."