Ambuja Cement Ltd (ACL), a subsidiary of Adani Group, has announced a significant investment of approximately ₹1,600 crore. Aim to establish a cement grinding unit in Warisaliganj, located in the Nawada district of Bihar.
This project marks ACL’s first venture in Bihar and reflects the company’s aggressive expansion strategy across India.
Capacity and Structure of Ambuja Cement:
The new facility will be a standalone cement grinding unit with an overall capacity of 6 million tonnes per annum (MTPA).
The project will be implemented in three phases, with the first phase involving an investment of ₹1,100 crore to set up 2.4 MTPA capacity, which is targeted for commissioning by December 2025. The site in Mosama village, Tehsil Warisaliganj, is well-connected by road and rail networks.
Economic Impact
The project is expected to contribute significantly to Bihar’s economy:
- State Revenue: An estimated contribution of approximately ₹250 crore per year.
- Employment: Creation of 250 direct jobs and 1,000 indirect jobs.
Strategic Importance of Ambuja Cement:
The investment aligns with the priorities outlined in the recent Union Budget 2024-25. It includes major infrastructure projects for Bihar with a total outlay of over ₹60,000 crore.
These projects encompass expressways, power plants, heritage corridors, new airports, and sports infrastructure. Ambuja Cement’s project will support Bihar’s growing infrastructure needs, positioning it as the state’s largest investment by a cement industry player.
Government Collaboration and Support:
The Bihar Industrial Area Development Authority (BIADA) has already allotted 67.90 acres of land for the cement unit, and environmental clearance for the site has been obtained.
Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises Limited, emphasized the collaborative efforts with the state government, local authorities, and communities, which facilitated the swift progression of the project.
Expansion and Future Plans:
Adani Group, the second-largest cement manufacturer in India, is on an aggressive expansion trajectory:
- Recent Acquisitions: The group recently acquired Hyderabad-based Penna Cement for an enterprise value of ₹10,422 crore, adding 14 MTPA to its capacity, bringing it to a total of 93 MTPA.
- Future Goals: Adani Group aims to reach a capacity of 140 MTPA by FY28 through both organic growth and acquisitions.
- Other Acquisitions: The group controlled ACC Ltd through Ambuja and acquired MyHome Industries and Sanghi Industries in 2023.
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