Business Line reported that Ambuja Cements Ltd plans to invest INR 2,000 crore for capacity expansion in Rajasthan and northern regions. The proposed project at Rajasthan would add 5 million tonne capacity to the company’s total production.
Mr Ajay Kapur CEO of Ambuja Cements said that “We are adding new capacities. We are actively pursuing the 5 million tonne capacity expansion in Rajasthan and neighboring northern regions with an investment of INR 2000 crore.”
He, however, did not disclose any timeframe for the project. He was here to announce the company’s expansion plans at the 1.5 million tonne Sankrail plant in Howrah district.
According to Mr Kapur, the company controls 10% of the overall Indian cement market currently. We would like to sustain the same for the next 5 years.
Meanwhile, he added that, the company would add 0.9 million tonne capacity to the existing plant Sankrail over the next two years.
Source:
http://www.steelguru.com/indian_news/Ambuja_Cements_plans_INR_2000_crore_expansion_in_Rajasthan/296846.html
