The Adani Group is currently engaged in advanced negotiations with the government of Odisha regarding the establishment of its inaugural greenfield cement manufacturing facility.
This development comes two years after the company initiated its foray into the cement sector through a series of acquisitions.
Ambuja Cements Ltd, a subsidiary of the group, is expected to construct the unit with a production capacity of 4 million tonnes per annum (mtpa), at an estimated investment of ₹3,000-3,500 crore.
“The agreements with the state government are in advanced stages. This manufacturing facility will be ready in two to three years,” a source told a local Indian publication.
The Adani Group, which has primarily focused on acquiring cement businesses, has developed a strategy to establish new facilities from the ground up, according to sources.
This initiative is part of the conglomerate’s ambition to become the largest cement manufacturer in India.
In line with its expansion efforts in the eastern region, Adani has recently revealed plans to construct a clinker grinding unit in Bihar, with an estimated investment of ₹1,600-2,000 crore.
Additionally, the plant in Odisha will further enhance the group’s presence in the market.
“The manufacturing facility will cost at least $85-100 per ton. This will be the group’s first ever greenfield cement capacity. The group has finalized its discussions with the Odisha government and the target is to make the cement plant ready by FY28,” the source said.
On August 3, Adani revealed plans for a cement grinding facility in Bihar with a capacity of 6 million tons per annum, which is expected to incur costs of approximately $45-50 per ton.
The group intends to finance the majority of this expansion through internal resources.
