Team Blitz India
NEW DELHI: Adani Group, which owns Adani Cement and Ambuja Cements, is targeting to capture around one-fifth of the Indian cement market by FY28.
“Adani Cement business will implement its accelerated capex program through internal accruals and the business will continue to remain debt free,” said an investor presentation shared by Ambuja Cements.
Besides, Adani Cement also amplifies the pace of capacity expansion and is expected to have an accelerated growth rate of 16 per cent to reach 140 MTPA (million tonnes per annum) by FY2028.
“Adani Cement market share targeted to be 20 per cent by FY’28 from current 14 per cent,” the Adani Group said.
Presently, Adani Cement is the second leading company in the sector after the Aditya Birla group firm UltraTech Cements.
Ambuja, with its subsidiaries ACC Ltd, has the capacity to produce 7
