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Ambuja Cements to expand cement capacities

Monday, 15 Jul 2019

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Ambuja Cements is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth.

The company is also on the lookout for adding cement capacities, if the valuations serve right. Ambuja Cements is mulling over to expand cement capacities with buys in RMCs, aggregates.

The company has a consolidated cement capacity of 63 million tpa, which includes capacity of its subsidiary ACC. The company has a 50.05 percent stake in ACC. Both the companies have also entered into a master supply agreement to unlock synergies in the areas of sales, marketing and logistics.