Ambuja Cements is planning to hike its capex by 10.62% in Calendar Year (CY) 2014 to Rs 802 crore as compared to Rs 725 crore in 2013. The company is expecting that cement sector could grow at 6-7% per year after 2015.
Recently, the company resumed mining operation at Himachal Pradesh Plants after getting an approval from High Court of Himachal Pradesh
Ambuja Cements was set up in 1986. In the last decade the company has grown tenfold. The total cement capacity of the company is 18.5 million tones. 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.
