Mr. Neeraj Akhoury, CEO, Holcim India and Managing Director & Chief Executive Officer, Ambuja Cements Limited said, “We are focused to be the most innovative and sustainable company by offering advanced environment-friendly construction products to our customers. The India Strategy 2025 for both Ambuja and ACC is under execution. Under this plan, we will realise industry-leading position in cost excellence, asset optimization and sustainability.\n \nOur new Marwar cement plant is now operating at full capacity. Our additional cement capacity expansions of around 9 million tons at Ropar and Bhatapara are on track. Our plan is to grow Cement capacity to 100 million tons per annum.\n \nAmbuja has recorded robust top line growth of 8%. Our market focused strategies are driving this performance. Ambuja Kawach, our green cement, has demonstrated growth of 66% year on year. Ambuja Cements has been ranked as India’s Most Trusted Cement Brand in 2022 by TRA Research.\n \nThe January to March 2022 quarter was impacted by rising fuel prices due to which EBITDA during the quarter was lower by 19%. This was partly mitigated by boosting efficiencies under our flagship ‘I CAN’ program. Supported by the Master Supply Agreement with ACC we further reduced our logistics costs.\n \nThe ongoing and new investments in the Waste Heat Recovery Systems approved by the Board will support our efficiency initiatives and lead to the delivery of our sustainability goals.”Financial performance for the quarter ended 31st March 2022 \n \n\nCOVID-19 updateHealth and Safety continues to remain our key priority. Strict adherence to government guidelines and Covid appropriate behaviour are ensured across our locations. We continue to monitor the situation and take proactive steps to build a safe and healthy working environment.\n\nOutlook \n\nWe remain very optimistic on cement demand growth with key indicators such as GST collection, power demand and e-invoice point towards a recovery of the domestic economy. Government’s focus on infrastructure & housing and the PLI (Production Linked Incentive) scheme for the manufacturing sector will further provide impetus to cement demand growth.