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