Ambuja Cements to invest ₹14,500 crore to expand production capacity by 2030

Indian company Ambuja Cements has announced a massive investment of ₹14,500 crore ($1.53 billion) to increase its cement production capacity by the financial year 2030. According to a Business Standard report, through this investment, the company wants to take its annual production capacity to 155 million metric tonnes (MTPA).

Currently, the production capacity of Ambuja Cements is 113.5 million metric tonnes per annum. The company has stated that they expect to increase this capacity to 119 million metric tonnes by March 2027. Under this expansion plan, new capacity will be added in Assam, Bihar, Jharkhand, Gujarat, Maharashtra, and Uttar Pradesh. The main objective of this step is to strengthen the company's production capacity and presence in eastern, western, and northern India.

Indian cement manufacturers have been increasing their capacity in recent years to meet the growing demand for infrastructure and housing. Companies are investing in new plants and grinding units to strengthen their position in key regional markets.

This expansion announcement by Ambuja Cements comes at a time when the company recently reported a 34.7% decline in its quarterly net profit. According to the report, the company's profit was impacted due to rising fuel and freight costs.