Internal accruals to fund Adani cement expansion
Cement

Internal accruals to fund Adani cement expansion

Adani Group is not seeking external funding to double the manufacturing capacity of its cement firms, Ambuja Cements and ACC, to 140 million tonne by FY28, citing "sufficient" internal accruals. Furthermore, the group has outlined a cost-cutting stra...

Adani Group is not seeking external funding to double the manufacturing capacity of its cement firms, Ambuja Cements and ACC, to 140 million tonne by FY28, citing sufficient internal accruals. Furthermore, the group has outlined a cost-cutting strategy to achieve its goal of becoming the country's most profitable cement manufacturer. Adani Group had announced plans to double cement production capacity to 140 million tonne over the next five years and become the country's most profitable manufacturer. Contact: Adani Group Website: www.adani.com

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