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News Ambuja Cements aims to more than double sales to US$8.5bn in 2028

Ambuja Cements aims to more than double sales to US$8.5bn in 2028

Written by Global Cement staff 27 March 2023
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India: Ambuja Cements' parent company Adani Group says that the cement producer aims to more than double its sales to US$8.5bn in 2028. Ambuja Cements currently expects to record sales of US$3.61bn in 2023. It is targeting an earnings before interest, taxation, depreciation and amortisation (EBITDA) margin of 25% in 2028. Its EBITDA margin averaged 19% in the period from 2020 to 2022.

Dow Jones Institutional News has reported that Ambuja Cements' internal accruals are sufficient to fund US$5.58bn in capital expenditure (CAPEX) over the same period, according to the company. It says that it plans to double its capacity through CAPEX investments before 2028.

Last modified on 29 March 2023
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Ambuja Cements
  • Investment
  • target
  • capital expenditure
  • growth
  • GCW601
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