New Delhi: Ambuja Cements Ltd, under the Adani portfolio, announced that its promoters, the Adani family, have increased their stake to 70.3% by injecting an additional ₹8,339 crore. This latest infusion completes the committed investment of ₹20,000 crore by the family, following prior contributions of ₹5,000 crore in October 2022 and ₹6,661 crore in March 2024.
The funds will enable Ambuja Cements to expand its annual production capacity to 140 million tonnes by 2028. The investment will also support strategic initiatives aimed at improving operational efficiency and integrating advanced technology to enhance product offerings in response to growing market demand.
“We are thrilled to announce completion of Adani family’s primary infusion of INR 20,000 Cr in Ambuja,” said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements.
“This infusion of funds provides Ambuja, capital flexibility for fast-tracked growth, capital management initiatives and best-in-class balance sheet strength. It is not only testament to steadfast belief in our vision and business model but also reinforces our commitment to delivering long-term sustainable value creation to our stakeholders and this shall propel us towards setting new benchmarks accelerating our growth and continue to deliver on operational excellence, business synergies and cost leadership.”
Barclays Bank PLC, MUFG Bank, Mizuho Bank, and Standard Chartered Bank were advisors on the transaction.
