Ambuja Cements unveils US$365m spending spree

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India: Ambuja Cements has announced investments of US$365m in India, of which US$100m is targeted for Bengal. The Indian cement producer intends to try to maintain its market share at 10% until 2018.

The subsidiary of Holcim announced it would invest US$59.2m at a grinding unit in Sankrail to expand its capacity to 2.4Mt/yr from 1.5Mt/yr by 2015. It has also proposed to invest US$41m in another grinding unit in the state at Bandel, according to Bengal industries minister Partha Chatterjee.

"This plant (Sankrail) is working at a capacity of 1.5Mt/yr and we will go up to 2.4Mt/yr. We also have a unit in Farakka with a 1.25Mt/yr capacity. So, with this, we will be one of the largest cement players in Bengal," said Ajay Kapur, CEO of Ambuja Cements.

Ambua Cements also announced that it is yet to gain clearance for the construction of a 3Mt/yr greenfield integrated cement plant in Rajasthan. Ambuja Cements holds a total capacity of 27.25Mt/yr in Rajasthan. A 1.5Mt/yr grinding unit at Sanand, Gujarat, is also being considered.

Last modified on 02 January 2013

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