Ambuja Cements Announces ₹1600 Crore Investment to set up 6 MTPA Cement Grinding Unit in Bihar

On August 03, 2024, Ambuja Cements Limited, part of the Adani Group, announced its first project in Bihar, marking the largest investment in the state by a cement company. The Warisaliganj Cement Grinding Unit will be built in 3 phases with a total capacity of 6 million tonnes per annum (MTPA) and an investment of nearly ₹1600 crore.

Phase 1, with a capacity of 2.4 MTPA and costing ₹1,100 crore, is expected to be completed by December 2025. The site, located in Mosama village, Warisaliganj, Nawada district, is well-connected by road and rail, with the Warisaliganj railway station just 1 km away and State Highway 83 only 500 meters from the site. This project will support Bihar’s growing infrastructure needs, in line with the priorities set in the recent Union Budget.

The Bihar Industrial Area Development Authority (BIADA) has allotted 67.90 acres of land to Ambuja Cements Limited for its new cement unit in Warisaliganj. The necessary environmental clearance has been obtained, and the unit is expected to be operational by December 2025.

Additionally, BIADA has allocated 26.60 acres of land to Ambuja Cements for another cement unit in Mahbal, Motipur, Muzaffarpur. Environmental clearance for this project is still pending, but construction is expected to begin soon.

Hon’ble Chief Minister, Mr Nitish Kumar, at a foundation stone-laying ceremony hosted by the Bihar Industrial Area Development Authority (BIADA), expressed his enthusiasm, stating, “This investment by the Adani Group is a testament to Bihar’s growth potential and our commitment to fostering sustainable development for the people of Bihar.”

About Ambuja Cements Limited

Ambuja Cements Limited is one of India’s top cement companies and part of the Adani Group, known for its diverse and rapidly growing sustainable businesses. Together with its subsidiaries ACC Ltd. and Sanghi Industries Ltd., Ambuja has increased the Adani Group’s cement production capacity to 78.9 million tonnes per annum (MTPA). The company operates 18 integrated cement manufacturing plants and 19 cement grinding units across India.

On August 05, 2024, Ambuja Cements Limited’s share price opened at ₹647.00, touching the day’s low at ₹634.40 at 11:22 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.