Adani’s Ambuja Cement Powers 30% of India’s Homes, Eyes 140 MTPA by FY28

Flagship cement business of Adani Group, Ambuja Cements, now supplies almost 30% of the cement utilized for housing and infrastructure in India, as per the company’s recent annual report.

Crossing 100 million tonnes per year (MTPA) capacity in FY25 predominantly through strategic acquisitions the company is now India’s second-largest cement manufacturer and ninth-largest in the world. Ambuja aims for 118 MTPA by FY26 and 140 MTPA by FY28 through a combination of brownfield expansions and work in progress.

CEO Vinod Bahety called the achievement “a story of resilience and a growth mindset,” crediting rapid acquisitions — including Penna Cement, Sanghi Industries, and Orient Cement as key drivers. In just 30 months since Adani entered the sector by acquiring Ambuja from Holcim for $6.4 billion, capacity has surged by nearly 50%.

FY25 also saw Ambuja clock 65.2 million tonnes in annual sales, with revenue hitting ₹35,045 crore and net profit at ₹5,158 crore. Bahety emphasized that the group’s debt-free status highlights strong financial discipline and capital efficiency.

Looking ahead, major clinker and grinding units are under development across 12 locations, including Bhatapara, Dahej, and Krishnapatnam. Nine more grinding units are planned post-FY26 to meet the 140 MTPA goal.

On cost efficiency, Ambuja has trimmed logistics costs by 6% using seaborne transport, GPWIS, and BCFC rakes, aiming for an additional 15% reduction by FY30. The company also plans to power 60% of future cement capacity and 83% of clinker operations with green energy.

Ambuja remains bullish on India’s cement sector, projecting installed capacity to rise from the current ~600 MTPA to 850 MTPA by 2030 and 1,350 MTPA by 2050, driven by infrastructure and urban expansion.

The Indian market leader remains UltraTech Cement with 183.06 MTPA, but competition is intensifying as the Adani Group cements its place in the industry’s top tier.