Ambuja Cements Ltd plans to invest Rs 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add five million tonne capacity to the company’s total production.
“We are adding new capacities. We are actively pursuing the five mt capacity expansion in Rajasthan and neighbouring northern regions with an investment of Rs 2000 crore,” Ajay Kapur, chief executive officer of Ambuja Cements. He, however, did not disclose any timeframe for the project.
He was here to announce the company’s expansion plans at the 1.5 mt Sankrail plant in Howrah district.
According to Kapur, the company controls 10 per cent of the overall Indian cement market currently. “We would like to sustain the same for the next five years,” he said.
Meanwhile, Kapur said, the company would add 0.9 mt capacity to the existing plant Sankrail over the next two years.