Additionally, the infusion will facilitate the implementation of several strategic measures, including debottlenecking capital expenditure aimed at improving operational efficiency and optimizing resources throughout the supply chain. Moreover, it will foster innovation and product enhancement through the integration of advanced technologies, thereby enabling the company to offer superior services tailored to meet the increasing demands of the sector, which are propelled by the burgeoning Indian economy.
Ajay Kapur, Whole Time Director and CEO of Ambuja Cements Ltd, expressed enthusiasm over the completion of the Adani family’s primary investment of Rs 20,000 crore in Ambuja. He highlighted that this infusion of funds equips Ambuja with the financial flexibility necessary for accelerated growth, capital management initiatives, and a robust balance sheet. Kapur emphasized that this investment not only reflects a strong belief in Ambuja’s vision and business model but also underscores their commitment to generating sustainable long-term value for stakeholders.
He further stated that this financial boost will propel Ambuja towards setting new industry standards, accelerating growth, and maintaining operational excellence, business synergies, and cost leadership. Barclays Bank PLC, MUFG Bank, Mizuho Bank, and Standard Chartered Bank served as advisors for the transaction.
Ambuja, in collaboration with its subsidiaries ACC Ltd. and Sanghi Industries Ltd., has significantly bolstered the Adani Group’s cement capacity to 78.9 million metric tonnes per annum (MTPA). This achievement has been realized through the strategic operation of 18 integrated cement manufacturing plants and 19 cement grinding units spread across the nation, underscoring the group’s formidable presence and robust infrastructure within the cement industry.