&w=3840&q=100)
Ambuja makes 30% of cement used in infra, housing projects in India: CEO
Ambuja Cements accounts for nearly 30 per cent of the cement used in housing and infrastructure projects in India, the company, part of the Adani Group, stated in its annual report.
The company, the second-largest cement maker in India, has surpassed 100 million tonnes per annum (MTPA) of cement capacity in FY25 and is targeting 118 MTPA by financial year 2025–26 (FY26) and 140 MTPA by FY28. The expansion will be primarily driven by brownfield projects.
According to Ambuja Cements Chief Executive Officer Vinod Bahety, 'Ambuja Cements, now a core part of the Adani Group's cement business, contributes to nearly 30 per cent of India's homes and infrastructure. This is a story of resilience fuelled by a growth mindset – a journey that marries legacy with innovation and is inspired by a clear and purposeful vision.'
Bahety added, 'A key catalyst behind this success has been our series of efficient and timely acquisitions, each completed with precision and synergy. Alongside inorganic growth, our organic expansion projects continue to gain strong momentum across the country, bringing us closer to our ambitious long-term target of reaching 140 MTPA by 2028.'
The company became the ninth-largest cement producer globally in FY24 after crossing 100 MTPA in consolidated capacity. The Adani Group entered the cement industry in September 2022 with the acquisition of Ambuja Cements from Switzerland-based Holcim for $6.4 billion.
The company said, 'Having achieved nearly 50 per cent growth in just 30 months, our roadmap is clear: reaching 118 MTPA by FY26 and 140 MTPA by FY28, primarily through brownfield expansion projects.'
Key projects planned for FY26 include clinker and grinding units at Bhatapara, Sankrail, Sindri, Salai-Banwa, Dahej, Marwar, Kalamboli, Krishnapatnam, Bathinda, Jodhpur, Maratha, and Warisaliganj. Ambuja Cements is also progressing on nine grinding unit projects beyond FY26.
In FY25, the company reported 65.2 million tonnes in sales volume, ₹35,045 crore in revenue, and ₹5,158 crore in profit after tax. Bahety said, 'Our strong balance sheet, marked by a debt-free status, underscores our prudent capital allocation and financial discipline.'
The company is focusing on logistics cost optimisation and green energy. 'By shifting a significant portion of our freight to seaborne transport, optimising depot locations, and leveraging GPWIS and BCFC rakes, we have achieved a 6 per cent reduction in logistics costs to date,' Bahety said. Ambuja Cements targets a further 15 per cent logistics cost reduction by FY30.
It aims to power 60 per cent of future cement capacity and 83 per cent of clinker operations with green energy.
The company projects significant industry growth, estimating installed cement capacity in India to reach 850 MTPA by 2030 and 1,350 MTPA by 2050.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
24 minutes ago
- New Indian Express
‘We don't have any compulsion to go for IPO tomorrow'
Bengaluru-based media technology company Amagi, which has initiated an initial public offering (IPO) process recently, is now expanding into Japan, Australia, Latin America, France and Germany. In an interaction with Uma Kannan, Baskar Subramanian, CEO & Co-Founder of Amagi, says they are seeing a tremendous opportunity in front of them for the next 10 years where they can build extremely large media tech company in the world and that they don't have any compulsion to go public tomorrow. The company's annual revenue in FY24 stood at Rs 942 crore. Edited excerpts: You are a media SaaS unicorn and have been in the business for over 15 years now. What does the market look like? Our customers are TV channels, content creators, live producers, sports news, and anybody who is creating content in the mid-tier to large enterprises. We don't work with the creator economy and influencer economy today; we don't have any product portfolio for it, but we work with the larger mid to enterprise sort of customers. Fundamentally, the world is becoming streaming, and all of us are only watching on IP, internet devices, be it on our phone or connected television, what we call smart TV in India. This has changed things for our customers. One, it's fragmentation of viewership. In the early days of cable, you could go to one channel and always watch the content. Now there are so many places where people are consuming content, be it YouTube, Netflix, Prime, social platforms, connected TV devices to everywhere else and this is becoming a big challenge for the broadcasters and TV channels. This is very similar to what happened in the retail industry. Suddenly people are buying in supermarkets, e-commerce stores and now quick commerce. TV is now connected in every home in India. How are you looking at the Indian market? In India, we have clients, and the country has obviously dramatically changed, given 5G connections. Here we work with Samsung, whose many channels are coming to Samsung TV Plus with the back-end being Amagi. We work with the likes of Republic TV, Times Now and Zee television and provide OTT content. India is a growing market and we have now started to expand but the country is only very close to about a percentage (1%) of our revenue. So, we continue to have a big focus on the international markets with 70% revenue coming from the US. However, we are seeing India as a growing market and it will start to become bigger and bigger for us as we go forward. What are the market opportunities that you are seeing, and whether you have competitors in India as well as outside? We started in the US, expanded into Europe, and then in Asia, we started in Singapore. We are now expanding into Japan, Australia, Latin America, France, and Germany. It's a global market and we are seeing a tremendous opportunity in front of us for the next 10 years where we can build an extremely large, world-class media tech company in the world. Amagi's competition is all traditional hardware players. And we are the only company in the world that talks about a glass-to-glass complete end solution. It is reported that you are looking to raise Rs 3,200 crore through a public listing. Are you planning to hit an IPO soon? If we go for an IPO, we'll go in India. Going through the process, understanding and evaluating markets are very different. We don't know when we do it because timing matters in this industry. As a company, we don't have any compulsion to go for an IPO tomorrow. We are a profitable company, we have money in the bank and we have investors who came in 2022. So, the idea is that eventually we will have to be a public company. If the market is really good, then maybe by the end of the year (we will go for the IPO), or else next year.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Tata Steel plans to commission UK electric arc furnace unit by 2027
Tata Steel plans to begin construction of its low-carbon electric arc furnace (EAF) steelmaking facility in the UK in July 2025, with operations scheduled to begin in 2027, the company said in its financial year 2024–25 (FY25) annual report. 'Using recycled scrap, the new (Port Talbot plant) steelmaking facility will reduce the on-site carbon emissions by up to 90 per cent,' the company said in its annual report. The EAF is scheduled to become fully operational by 2027, with an annual production capacity of 3.2 million tonnes of low-emission steel. The EAF-based steelmaking project is projected to cut more than 50 million tonnes of carbon dioxide emissions over the next ten years. The company stated that the structural transition is being carried out alongside a major focus on cost rationalisation. The company aims to reduce its fixed costs from £762 million in FY25 to £540 million in the following year. Performance and investment 'The recently acquired entity Neelachal Ispat Nigam Limited delivered a strong performance with ₹1,000 crore in EBITDA and positive free cash flows,' N Chandrasekaran, chairman, Tata Steel, said. 'On a consolidated basis, in FY2024–25, Tata Steel's crude steel production reached 30.92 million tonnes, while deliveries grew to 30.96 million tonnes (an increase of 3.3 per cent and 5.3 per cent y-o-y, respectively), both marking new highs,' the chairman added. Climate goals Tata Steel targets a 10–15 per cent reduction in emission intensity by 2030, compared to levels in FY2024–25. Tata Steel is constructing a 0.75 MTPA scrap-based electric arc furnace in Ludhiana to address expected medium- to long-term demand for low-emission steel in India. The company is also evaluating technologies to decarbonise its value chain. In addition, it has launched India's first Carbon Bank to convert carbon dioxide into value-generating assets for customers. Tata Steel became the first Indian steel company to demonstrate end-to-end capabilities in developing hydrogen transportation pipes. 'In January 2025, the company successfully developed and tested API X65 Electric Resistance Welded (ERW) pipes, using steel manufactured at its Kalinganagar plant and processed at Khopoli,' the company said. API X65 Grade pipes transport 100 per cent pure gaseous hydrogen under high pressure. Tech The company has deployed more than 558 artificial intelligence (AI) models in key areas including process control, predictive and prescriptive maintenance, procurement analytics, boulder detection at mining sites, and integrated operational management during FY25. 'Supply chain solutions like Compass in India and Nexus in Europe help streamline operations by providing better visibility of material flow through the supply chain to the customers. The Integrated Remote Operations Centre (i-ROC) empowers remote supervision and plant operations management,' the company said.
Time of India
an hour ago
- Time of India
Tata Steel new plant: $1.5-billion electric arc furnace facility to come up at Port Talbot; UK government gives 500 million pounds
Tata Steel will be beginning the construction of its state-of-the-art electric arc furnace (EAF) facility at Port Talbot, Wales, in July 2025, with production expected to commence by 2027. The company confirmed in its FY24-25 annual report that all key approvals for the $1.5 billion project are now in place. Backed by 500 million pounds in funding from the UK government, the project marks a major step in Tata Steel's journey towards low-carbon steel production. Once operational, the EAF is projected to produce 3.2 million tonnes of low-emission steel annually and cut over 50 million tonnes of CO₂ emissions over the next decade. 'We are now transitioning to decarbonised and state-of-the-art EAF-based steelmaking by FY2027-28, supported by 500 million pounds in the UK Government funding,' Tata Steel CEO & MD T V Narendran and executive director & CFO Koushik Chatterjee said in the company's report. The decommissioning of two ageing blast furnaces at Port Talbot has already been completed, and the company has shifted to a downstream-focused model, using steel substrate sourced from its operations in India, the Netherlands, and other suppliers to serve its UK customers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct shopping From Adidas Franchise Store... Adidas Buy Now Undo 'We have exited from steelmaking through the end-of-life heavy end assets in Port Talbot, and moved to a downstream model using imported substrate from India, the Netherlands and other external sources,,' a senior official explained. Tata Steel is also eyeing major cost rationalisation, aiming to reduce fixed costs from 762 million pounds in FY25 to 540 million pounds in the following year. This will be achieved through optimisation of input costs, streamlining of downstream operations, and IT modernisation. Chairman N Chandrasekaran said the company is firmly on track with its green transition. ' The decommissioning of two blast furnaces at Port Talbot, has cleared the way for the next-generation Electric Arc Furnace (EAF) project, supported by the UK government,' he said. The EAF facility will also make use of locally available scrap metal, further reinforcing the company's move to a more sustainable and circular production model. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
