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Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28. Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to "remain debt free," said an investor presentation shared by Ambuja Cements.
Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028
At present, Adani Cement is the second leading company in the sector after the Aditya Birla group firm UltraTech Cements. Ambuja, with its subsidiaries ACC Ltd, has the capacity to produce 77.4 million tonnes of cement annually.
Holcim introduces ECOAsh in Western Canada
The residents living in colonies around Buddha Dariya on Tajpur Road claimed to be suffering from the increasing levels of air pollution due to the fly ash released from nearby factories. Fly ash is a powdery component released on combustion of coal, especially from thermal power plants. The residents raised the issue during a cleanliness drive being carried out by environmentalist Balbir Singh Seechewal around the drain.