Ambuja Cements is likely to spend Rs 1,800 crore by December 2013 to spread out its production capacity. It intended to fund the project through internal accruals, as it had surplus cash of Rs 7,700 crore as of December last year.
The company aims to set up a 2.2-million-tonne clinkerisation unit at Nagaur in Rajasthan. The feasibility study for the project is completed and environmental clearance has been obtained.
The entity is likely to expand its footprint in the southern markets and has proposed to set up a new bulk cement terminal at Mangalore. The terminal will be operational by September. A new brownfield expansion project to enhance capacity at its Sankrail grinding unit in West Bengal has also been initiated.
