Kolkata: Ambuja Cements Ltd has chalked out an investment plan of some Rs 2000 crore entailing enhancement of its cement capacities in Rajasthan and northern regions. The proposed project at Rajasthan would add five mil-lion tonne capacity to the company's total production.
"We are adding new capacities. We are actively pursuing the five million tonne capacity expansion in Rajasthan and neighbouring northern regions with an investment of Rs 2000 crore," Ajay Kapur, chief executive officer of Ambuja Cements. He, however, did not disclose any timeframe for the project.
He was here to announce the company's expansion plans at the 1.5 million tonne Sankrail plant in Howrah district. The Sankrail plant's expansion programme includes an investment of Rs 325 crore where the capacity would increase from its present capacity of 1.5 million tonne per annum to 2.4 million tonne cement per annum.
According to Kapur, the company controls 10 % of the overall Indian cement market currently. "We would like to sustain the same for the next five years," he said.
Meanwhile, Kapur said, the company would add 0.9 mt capacity to the existing plant Sankrail over the next two years.
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