Ambuja Cements - Capacity Expansion Announced; Cost Reductions A Key Focus: Motilal Oswal

Motilal Oswal Report

The key highlights of Ambuja Cement Ltd.’s FY23 annual report:

1. announcing cement capacity expansion of 14 million tonnes per annum through organic growth; the capacity is expected to be commissioned in the next 24-months;

2. implementing cost-reduction initiatives by increasing its green power share to ~43% by FY24; the objective is being realized through the installation of waste heat recovery system and solar power plants; and

3. has given advances of Rs 9.25 billion to a related party to secure the rights for raw material/fuel under a long-term supply arrangement for its upcoming cement manufacturing plant at Mundra, Gujarat (likely to commissioned by FY26E).

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