The Adani family injects $892 million into Ambuja Cements, boosting its stake to 66.7%.

The Adani family, the promoters of Ambuja Cements, have infused an additional Rs 6,661 crore into the company, increasing their stake by 3.6% to 66.7%. This investment will help the company enhance its capacity to 140 million tonnes per annum by 2028 and fuel its growth plans. The Adani family has infused a total of Rs 11,661 crore in Ambuja Cements post-acquisition, giving the company flexibility for accelerated growth, capital management, and best-in-class balance sheet strength. The infusion of funds will also enable the company to pursue strategic initiatives, including debottlenecking capex and investing in technology integration for improved service offerings. The company’s CEO, Ajay Kapur, sees this as a testament to the company’s commitment to delivering long-term sustainable value creation to stakeholders and propelling growth and operational excellence. With this investment, Ambuja Cements, along with its subsidiary ACC Ltd, will have a combined cement production capacity of 77.4 million tonnes annually.