With reference to the Media Release dated 20th February, 2018, Ambuja Cements has informed about the Board of Directors approving an initial investment of Rs 1,390 crores 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. Further, the company has informed that the Board of Directors of the company at its meeting held today 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 Plan & 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.

The above information is a part of company’s filings submitted to BSE.

Related Ambuja Cements Ltd. Links:

Ambuja Cement Share Price

284.70 -7.45 (-2.55%) Mar 05, 18:59
1 Year Price Chart
Peers
Company Name CMP
Ultratech Cement 6810.25
ACC 1822.95
Shree Cement 27849.85
Ambuja Cement 284.70
Dalmia Bharat 1474.85
View more..
Sensex vs Ambuja Cement
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback