Ambuja Cements in its latest annual general meeting (AGM), stated that the company has ambitious growth plans to increase capacities in India. The company plans to achieve a total cement capacity of 50 MTPA ahead.
Martin Kriegner, who was the chairman for 38th AGM to the shareholders of Ambuja Cements said our various cost management and efficiency initiatives have helped us deliver a strong performance.
Kriegner highlighted that the company’s upcoming facility in Marwar Mundwa, Rajasthan will enhance clinker capacity by 3 MTPA and help improve cement sales by 5 MTPA, thereby contributing to the long term strategy of capacity expansion. This Greenfield integrated plant, at a total investment of Rs. 2350 crores, will commence operations by Q3 2021.
“We are very proud to state that this will be a ??reen plant??with Waste Heat Recovery system and other renewable energy installations,” Kriegner said to the shareholders. Kreigner further added, “As we continue to explore opportunities to grow in attractive markets of East and West India, we are evaluating brownfield expansions in our Bhatapara and Maratha plants. We are also looking at significant debottlenecking opportunities across all plants to further enhance our cement capacity. We expect our expansion plans to add around 15 MTPA capacity in the midterm taking our total cement capacity to 50 MTPA.”
Narotam Sekhsaria is the founder and chairman of Ambuja Cement. While Narotam Sekhsaria is the CEO & Managing Director of the company.
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