Ambuja Cements Ltd, a leading cement manufacturing company, has successfully commissioned a 4 million ton per annum brownfield expansion of its clinker unit at Bhatapara in Chhattisgarh.
Ambuja Cements reported a consolidated net profit of ₹1,766 crore for the September quarter, sharply higher than ₹480 crore in the same period last year, aided by a tax write-back of ₹1,465 crore versus a tax expense of ₹248 crore in the year-ago period.
Profit before tax rose 13% year-on-year to ₹838 crore from ₹744 crore. Revenue for the quarter came in at ₹9,175 crore, up 22% from ₹7,552 crore in the corresponding quarter last year.
Ambuja Cements has committed to achieving the incremental capacity of 15 MTPA through debottlenecking at a lower capex of $48 per tonne.
Additionally, the company is installing 13 blenders across its plants over the next 12 months to optimise its product mix and enhance the share of premium cement, thereby improving realisations.
Plant logistics infrastructure upgrades will also help improve capacity utilisation by 3% over the next 24 months.
Shares of Ambuja Cements Ltd ended at ₹542.90, down by ₹7.05, or 1.28%, on the BSE.
