Ambuja Cements plans 30 MTPA capacity expansion with ₹14,500 crore capex; targets 155 MTPA by FY30
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- ✓Ambuja Cements plans a 30 MTPA capacity expansion with a ₹14,500 crore capex, targeting 155 MTPA by FY30.
- ✓Vinod Bahety said, "Our next phase of expansion is focused on quality of growth and creating a more balanced manufacturing network." The company will strengthen its presence across six states to improve efficiency.
Story at a Glance
- Category
- BUSINESS
- Reported By
- FortuneIndia
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Ambuja Cements, part of the Adani Group, has firmed up its next phase of expansion, announcing plans to add around 30 Million Tonnes Per Annum (MTPA) of cement capacity through greenfield and brownfield projects, backed by a growth capital expenditure (capex) programme of approximately ₹14,500 crore.
The company revealed that the expansion will strengthen its manufacturing presence across six states, with the company targeting a total cement capacity of 155 MTPA by FY30, compared with its existing capacity of 113.5 MTPA.
Commenting on the expansion, Vinod Bahety, CEO - Cement Business, Adani Group, said, "Our next phase of expansion is focused on quality of growth and creating a more balanced manufacturing network."
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FortuneIndia
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