Nearly six months after it completed the acquisition of Holcim’s cement assets, the Adani Group has announced likely plans to double capacity to 140 million tonne (mt) by 2027-28. The projected investment is Rs 46,000 crore, which will be funded by internal accruals. The conglomerate is the country’s second-largest cement maker with a capacity of 67.5 mt. UltraTech Cement from the Aditya Birla group leads with a capacity of 120mt.
Ambuja Cement and ACC are engaged in roadshows in Singapore and Hong Kong from March 27-30. In a presentation to investors, the companies said the expansion includes additional capacity unlocking through debottlenecking. It is expected the expansion will result in the business generating net sales of Rs 70,000 crore by 2027-28 from an estimated Rs 29,700 crore in 2022-23.