Ambuja Cements Announces Expansion Project Of Cement Plant
Ambuja Cements Limited has informed that the board of directors of the company at its meeting approved an initial investment of Rs 1,390 crore for the first phase of the Greenfield Clinkerisation Project of annual capacity of 1.71 million tonnes at Marwar Mundwa in the State of Rajasthan.
The company informs that the Board of Directors of the Company at its Meeting has approved an additional annual clinker capacity of 1.4 million tonnes (taking the total clinker capacity to 3.1 million tonnes), additional cement grinding capacity of 1.8 million tonnes and Captive Power Plant & Waste Heat Recovery System at Marwar Mundwa at an additional estimated cost of Rs.960 crores taking the total investment to Rs.2,350 crores.
The above projects are proposed to be funded through internal accruals. With this expansion Company's total cement capacity will increase to 31 .5 million tonnes and this project will allow the Company to strengthen its market presence.