Ambuja Cements has received an approval for setting up a 2.17 MTPA Greenfield clinkerization project at Marwar Mundwa, Nagaur district in state of Rajasthan and three Clinker Grinding units of 1.5 MTPA capacity each at Marwar Mundwa in Rajasthan, Dadri (phase II) in Uttar Pradesh and Osara in Madhya Pradesh at an approximate cost of Rs 3,500 crore. The board of director at its meeting held on July 24, 2013 has approved for the same.
The board has also approved the purchase of shares constituting 24% of Holcim (India) (HIPL) from Holderind Investments and subsequent amalgamation of HIPL with the company.
Ambuja Cements was set up in 1986. The total cement capacity of the company is 18.5 million tonnes. Its plants are some of the most efficient in the world. With environment protection measures that are on par with the finest in the developed world.
