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Ambuja Cements plans to establish cement grinding unit in Jharkhand

21 Feb 2024 Evaluate

Ambuja Cements is planning to establish a state-of-the-art cement grinding unit with an investment of Rs 1000 crore in Motia Village of Godda district in Jharkhand, post requisite approvals with a capacity of 4.0 MTPA. The project is planned in close proximity to Adani Power (Jharkhand), as part of a comprehensive approach to disposing of fly ash in an environmentally safe manner and contributing to the circular economy. 

The project exemplifies Ambuja Cements’ commitment to sustainable practices and reflects its dedication to fostering inclusive growth in Jharkhand. The unit will generate direct and indirect employment for over 2,500 individuals, significantly contributing to the economic and social progress of the state.

The company already operates two cement plants in Jharkhand with a combined capacity of 6 MTPA. The proposed expansion demonstrates the company's confidence in the region's potential for growth and development.

Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.


Peers
Company Name CMP
Ultratech Cement 10830.30
Ambuja Cements 384.05
ACC 1233.55
Shree Cement 21908.95
Dalmia Bharat 1690.00
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