Ambuja Cement: Growth Concerns Now Being Addressed, Says ICICI Direct 
A worker unloads a sack of cement from a freight train in Mumbai, India (Photographer: Kuni Takahashi/Bloomberg)  

Ambuja Cement: Growth Concerns Now Being Addressed, Says ICICI Direct 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Ambuja Cement Ltd. in its annual general meeting has laid out ambitious growth plans to increase its capacities in India with the target of becoming a 50 million tonne player from the current 29.7 million tonnes.

In terms of regions, the company is exploring opportunities in the markets of East and West India, with brownfield expansions in Bhatpara and Maratha plants.

While its upcoming facility in Marwar Mundwa, Rajasthan will enhance clinker capacity by three million tonne, it would help improve cement sales by approximately five million tonne.

Apart from this, the company is also looking at significant debottlenecking opportunities across all its plants to further enhance its cement capacity.

Click on the attachment to read the full report:

ICICI Direct Ambuja Company Update.pdf

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