Ambuja Cements Ltd (Ambuja), a key player in the cement and building materials sector within the Adani portfolio, announces a significant milestone in its growth journey. The Adani family, promoters of the company, have infused INR 6,661 Crore, increasing their stake by 3.6% to reach 66.7%. This strategic move underscores their commitment to robust capital management, enhancing Ambuja’s financial position and capabilities to pursue ambitious growth plans.
Key highlights :
- The Adani Family’s investment sets Ambuja on a trajectory to nearly double its current capacity to 140 million tonnes per annum by 2028.
- This strategic capital management underscores the commitment to equip Ambuja Cement with enhanced capabilities to seize emerging opportunities in the market.
- Following this infusion, the promoters have injected a total of INR 11,661 Crore into Ambuja, providing the company with the flexibility for accelerated growth, capital management initiatives, and a robust balance sheet to pursue various strategic endeavors.
- Ambuja is positioned to deliver long-term sustainable value creation through increased capacity and will continue to strive for operational excellence, business synergies, and cost leadership.
The funds infusion will support Ambuja’s goal of achieving a capacity of 140 million tonnes per annum by 2028, fueling strategic initiatives like debottlenecking capex for operational enhancements and efficiency improvements across the supply chain. It will also drive innovation and product enhancement through advanced technology integration to meet the growing demands of the sector.
Mr. Ajay Kapur, Whole Time Director and CEO of Ambuja Cements Ltd, expressed enthusiasm about the increased stake by the Adani family, highlighting its significance in providing capital flexibility for accelerated growth and reinforcing the company’s commitment to sustainable value creation.
Barclays Bank PLC, MUFG Bank, and Standard Chartered Bank served as advisors for the transaction.