Latest News | Ambuja Cements to Invest Rs 3,500 Cr for Raising Cement Grinding Capacity

New Delhi, Feb 17 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity.

"The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 million tonnes across our existing grinding units at Sankrail and Farakka and at a greenfield (fresh) location at Barh, in Bihar," Neeraj Akhoury, CEO of Holcim India and MD & CEO of Ambuja Cements, said in an earnings statement.

Also Read | OnePlus TV Y1S, OnePlus TV Y1S Edge With Android TV 11 Launched; Check Prices & Other Details Here.

This is supported by a 3.2-million tonne brownfield (existing) clinker expansion at the company's existing integrated plant in Bhatapara, Chhattisgarh, he added.

Ambuja Cements Ltd is one of the leading cement companies in India and is active in four business segments — cement, aggregates, ready-mix concrete, and solutions & products.

Also Read | OnePlus Nord CE 2 5G Launched in India at Rs 23,999; First Sale on February 22, 2022.

Currently, Ambuja Cement has an annual cement production capacity of 31 million tonnes with six integrated cement manufacturing plants and eight cement grinding units across the country.

Its consolidated revenue from operation stood at Rs 28,965.46 crore in 2021.

Shares of Ambuja Cements Ltd on Thursday settled at Rs 359.40 apiece on the BSE, down 0.43 per cent from the previous close. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)