Ajay Kapur, CEO of Ambuja Cements, forecasts a 4-5% growth in cement demand for FY25, driven by robust infrastructure activity and ongoing housing and commercial sector needs. “Strong infrastructure demand and ongoing needs from housing and commercial sectors will boost cement demand in H2FY25,” Kapur stated. The government’s focus on infrastructure development and initiatives like Pradhan Mantri Awas Yojana Urban Housing II will contribute to this growth.
Ambuja Cements aims to increase its green power capacity, targeting 60% of its total power mix. The company will invest Rs. 10,000 crore in 1GW solar and wind power projects and add waste heat recovery systems and alternative fuels. By FY25-end, Ambuja Cements will reach 218MW of WHRS, yielding economic benefits.
Following the Orient Cements acquisition, Ambuja Cements’ total cement production capacity will rise to 97 million tonne per annum. Kapur emphasized, “The acquired assets will reinforce marine logistics, strengthen our presence in core markets, and improve our pan-India market share by 2%.” Ambuja Cements is focused on strategic investments, capacity expansions, and sustainable practices to bolster its market position.
Source: businessworld.in