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Adani Group targets 20% share in Indian cement market by FY28

Adani Group targets 20% share in Indian cement market by FY28
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Adani Group targets 20% share in Indian cement market by FY28

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.

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Adani Group targets 20% share in India's cement market, 16% capacity expansion by FY28

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

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Adani Group aims to capture 20% share in Indian cement market by FY28

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.

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Adani family infuses Rs 6,661 crore into Ambuja Cements, hikes stake to 66.7%

“The funds infusion will be instrumental in enhancing conclusively to accomplish the capacity of 140 million tonnes per annum by 2028 by the cement vertical,” Ambuja Cements said in filing to exchanges.

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Adani family makes huge Rs 66610000000 investment, it now owns…

This investment follows an infusion of Rs 5,000 crore by the promoter into the company for exercising the warrants issuance approved by the board in October 2022.



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Adani family infuses Rs 6,661 crore in Ambuja Cements, Real Estate News, ET RealEstate

The fund's infusion will be instrumental for the cement business of the Adani group, which has plans to enhance its capacity to 140 million tonnes per annum by 2028, according to a statement from billionaire Gautam Adani-owned Ambuja Cements.

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Ambuja Cements to invest Rs 1,000 crore to set up grinding unit in Jharkhand

Ambuja, with its subsidiary ACC Ltd, recently acquired Sanghi Industries Ltd which has a capacity of 74.6 MTPA with 18 integrated cement manufacturing plants and 14 cement grinding units across the country.


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Adani Group-owned Ambuja Cements proposes setting up a 4 MTPA cement grinding unit in Jharkhand

Adani Group-owned Ambuja Cements proposes setting up a 4 MTPA cement grinding unit in Jharkhand
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