Ambuja Cements investment update, India

Ambuja Cements investment update, India
16 March 2012

Ambuja Cements, part of the Holcim Group, plans to invest INR18bn (US$358m) by December 2013 to increase capacity.

The investment will be funded through internal accruals. As of the quarter ended December 31, the company had a cash surplus of INR77bn, India Investment News reports.

The Indian cement major plans to establish a 2.2Mta clinker plant at Naguar in Rajasthan, for which a feasibility study has been completed and environmental clearance obtained. Ambuja Cement has also initiated a new brownfield expansion project to raise capacity at is Sankrail grinding plant in West Bengal.

The company also plans to build a new bulk cement terminal at Mangalore as it aims to expand its presence in the south of the country.  The project is scheduled for completion in September.

Published under Cement News