The acquisition, valued at an equity worth of Rs 8,100 crore, marks a step towards Ambuja's goal of achieving 140 MTPA cement capacity by 2028. The deal will be fully funded through Ambuja's internal accruals, maintaining the company's debt-free status.
The release by the company states that the acquisition, valued at Rs. 413.75 Crores and funded through internal accruals. The aquisition will expand Ambuja's coastal footprint in the southern markets of Tamil Nadu and Kerala. With this acquisition, the Adani Group's total cement capacity rea
Mumbai (Maharashtra) [India], August 16 (ANI): Buoyed by healthy growth outlook, the cement industry is pressing the pedal on capacity additions with 80 million tonnes expected over the next three years through fiscal 2024, a quarter more than that seen during the last three fiscals (64 MT).
Mumbai (Maharashtra) [India], Apr 10 (ANI): Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim, has said it is looking at significant debottlenecking opportunities across all plants with growth plans in mid-term to reach 50 million tonnes per annum capacity.