Ambuja Cements' Expansion: New Mines and Acquisitions Fueling Growth

Ambuja Cements, part of the Adani Group, is aggressively expanding its operations. The company has secured 24 new limestone mining bids, adding to its significant reserves. Additionally, recent acquisitions like Penna Cement and Sanghi Industries are helping to increase capacity and market share. The company is also investing heavily in green power projects.

Adani group affiliate Ambuja Cements is on an assertive expansion trajectory, securing 24 bids for new limestone mines totaling 587 million tonnes, its annual report reveals.

Following its acquisition of Sanghi Industries with reserves of 1 billion tonnes, Ambuja Cements continues its growth spree. This month, it acquired Hyderabad's Penna Cement for Rs 10,422 crore, adding 14 MTPA capacity and expanding its southern market presence as well as its entry into Sri Lanka.

With ambitions set for 140 MTPA by 2028, the company is leveraging cash holdings for both brownfield expansions and acquisitions. Additionally, significant investments in green energy aim to power a majority of its expanded capacities sustainably.

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