Ambuja Cements, part of the Adani Group, is pursuing an aggressive expansion strategy and plans to increase its annual production capacity to 118 million tonnes by the end of the current financial year. The company has surpassed 100 million tonnes per annum (MTPA) capacity following a series of acquisitions over the past two years, making it the ninth-largest cement producer globally, according to its latest earnings report.
The Adani Group is aiming for a total cement production capacity of 140 MTPA by 2028, positioning itself in direct competition with UltraTech Cement, a subsidiary of the Aditya Birla Group. “This year marks a major milestone for Ambuja Cements as we cross the 100 MTPA mark. We have multiple organic expansions underway across India, which will support our objective of reaching 118 MTPA by the end of FY26. This is a key step toward achieving our long-term target of 140 MTPA by FY28,” said Vinod Bahety, CEO of Ambuja Cements.
In a recent development, Adani Cement completed the acquisition of a majority stake in Orient Cement, part of the CK Birla Group.
The group’s expansion plan includes both inorganic growth through acquisitions and brownfield projects to enhance existing facilities. These efforts aim to optimize logistics, lower lead distances, and strengthen market presence in key regions.
In June 2024, Adani announced the acquisition of Penna Cement, based in Hyderabad, for an enterprise value of ₹10,422 crore, adding 14 MTPA to its capacity. In December 2023, it acquired Sanghi Industries Ltd, located in Saurashtra, for ₹5,185 crore. Adani Cement entered the sector in September 2022 by acquiring controlling stakes in Ambuja Cements from Swiss company Holcim for USD 6.4 billion (approximately ₹51,000 crore). Ambuja Cements also holds a 51% stake in ACC Ltd.
Subsequently, the group launched a ₹31,000 crore open offer to acquire an additional 26% stake from public shareholders. India’s cement market is currently led by UltraTech Cement Ltd, which has a consolidated production capacity of 183.06 MTPA.
Ambuja Cements Limited, part of the Adani Group, is a leading player in the Indian cement industry, known for its commitment to sustainability and innovation. With a strong focus on reducing its environmental footprint, Ambuja has set ambitious targets to achieve net-zero emissions by adopting green technologies and alternative energy sources.
