Ambuja Cements to expand clinker capacity by 8 MT
Cement

Ambuja Cements to expand clinker capacity by 8 MT

Ambuja Cements, owned by the Adani Group, will place orders on Friday to expand clinker capacity by 8 million tonnes at the Bhatapara and Maratha units, according to a stock exchange filing. "The capacity expansion projects will enable production of Blended Green Cement of 14 million tonnes, post all requisite approvals," the company stated. The brownfield expansion projects are part of the company's strategy aimed at doubling production capacity over the next five years from the current 67.5 million tonnes per annum (MTPA). These projects are expected to be commissioned in approximately 24 months, funded by internal accruals.

"The ongoing investments in capacity expansion and sustainability will enable us to achieve our long-term objectives, as we remain committed to delivering sustainable growth and value to our stakeholders,” said Ajay Kapur, CEO of the Cement Business. "The company remains committed to achieving significant size, scale, and market leadership with strong emphasis on margin expansion and world-class ESG standards," the company stated.

Ambuja Cements reported a decline of 10.87% in its consolidated net profit at Rs 763.30 crore for the quarter ended on 31 March 2023. The company had recorded a net profit of Rs 856.46 crore in the corresponding period the previous year. Its consolidated revenue from operations was almost flat at Rs 7,965.98 crore during the quarter under review. It was Rs 7,900.04 crore in the corresponding period last fiscal. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd, in which it owns around 51% stake.

Sales volume of Ambuja Cements on a standalone basis rose 2.66% to 7.7 million tonnes (MT) from 7.2 MT. Ambuja Cement changed its financial year end from December to March. Regarding the outlook, the Adani Group firm said it is encouraged by the government's increased spending on infrastructure development, particularly roads, railways, affordable housing, and other schemes, as announced in the recent Union Budget.

The Adani Group announced the acquisition of Holcim’s India assets—Ambuja Cements and ACC—at a $10.5 billion valuation in May last year.

Also Read
Mumbai: The coastal road will probably open in parts this year
Tamil Nadu plans to focus on revamping highway roads

Ambuja Cements, owned by the Adani Group, will place orders on Friday to expand clinker capacity by 8 million tonnes at the Bhatapara and Maratha units, according to a stock exchange filing. The capacity expansion projects will enable production of Blended Green Cement of 14 million tonnes, post all requisite approvals, the company stated. The brownfield expansion projects are part of the company's strategy aimed at doubling production capacity over the next five years from the current 67.5 million tonnes per annum (MTPA). These projects are expected to be commissioned in approximately 24 months, funded by internal accruals. The ongoing investments in capacity expansion and sustainability will enable us to achieve our long-term objectives, as we remain committed to delivering sustainable growth and value to our stakeholders,” said Ajay Kapur, CEO of the Cement Business. The company remains committed to achieving significant size, scale, and market leadership with strong emphasis on margin expansion and world-class ESG standards, the company stated. Ambuja Cements reported a decline of 10.87% in its consolidated net profit at Rs 763.30 crore for the quarter ended on 31 March 2023. The company had recorded a net profit of Rs 856.46 crore in the corresponding period the previous year. Its consolidated revenue from operations was almost flat at Rs 7,965.98 crore during the quarter under review. It was Rs 7,900.04 crore in the corresponding period last fiscal. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd, in which it owns around 51% stake. Sales volume of Ambuja Cements on a standalone basis rose 2.66% to 7.7 million tonnes (MT) from 7.2 MT. Ambuja Cement changed its financial year end from December to March. Regarding the outlook, the Adani Group firm said it is encouraged by the government's increased spending on infrastructure development, particularly roads, railways, affordable housing, and other schemes, as announced in the recent Union Budget. The Adani Group announced the acquisition of Holcim’s India assets—Ambuja Cements and ACC—at a $10.5 billion valuation in May last year. Also Read Mumbai: The coastal road will probably open in parts this year Tamil Nadu plans to focus on revamping highway roads

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?