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Adani To Make Investments Worth INR 2,500 Crore In Its Cement Business

It will also be able to ensure that the countryu2019s infrastructural growth is well supported. This investment plan will also allow the Adani Group to rise above the controversies associated with the verdict of the US Court on Adani.

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Adani To Make Investments Worth INR 2,500 Crore In Its Cement Business

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  1. Adani To Make Investments Worth INR 2,500 Crore In Its Cement Business

  2. Ambuja Cements has recently taken up the decision to invest INR 2,500 crore in building cement and clinker carriers for its cement business. A 38,500-ton capacity Handymax cement carrier costs around INR 400 crore to build from scratch. A 9,200-ton capacity clinker carrier will cost about INR 200 crore each. With this investment, the Adani Group will be able to further enhance the logistics operations in its cement business. It will also be able to ensure that the country’s infrastructural growth is well supported. This investment plan will also allow the Adani Group to rise above the controversies associated with the verdict of the US Court on Adani.

  3. The Adani Group’s Recent Deal: • In a deal of around INR 2,500 crore, Ambuja Cements Limited, the cement manufacturing unit of the Adani Group, will place orders to build two cement and eight clinker careers at either the Cochin Shipyard Limited or Swan Defence and Heavy Industries Limited. • A 38,500-ton capacity Handymax cement carrier costs around INR 400 crore to build from scratch while a 9,200-ton capacity clinker carrier will cost about INR 200 crore each. • The shipbuilder and the contract will be finalised in the upcoming 15 days, thereby giving a boost to the Adani Group’s cement business. This is the biggest deal taken up by the Adani Group amidst the ongoing case at the US Court on Adani.

  4. The Construction Of Cement And Clinker Carriers: • The clinker carriers will be odd-sized. They will have a 30m beam, 4m draft, and 150m length. This is going to be the first of its kind in the entire world. The ship’s unique design with a 4m draft will help maximise the cargo carrying capacity. This will also help in reducing the logistic costs for the Adani Group’s business. The global business group will also be able to ensure that the cement manufacturing process can be carried out smoothly without any kind of hindrance at all.

  5. Each of the clinker carriers will carry around 9,200 tons of clinker on one trip whereas the conventional 4m draft vessel is capable of carrying only 3,000 tons per trip. This will help in reducing the logistics cost considerably. If the Adani Group becomes successful in winning the shipbuilding contract, it will become the first order for Swan Defence and Heavy Industries after it acquired the bankrupt shipyard at Pipavav in Gujarat under the Insolvency and Bankruptcy Code (IBC). • The clinker carriers will be called Sanghimax vessels on the lines of Suezmax and Panamax ships. They are mainly called so because they sail through the Suez and Panama Canal respectively. The name Sanghimax has been given as the clinker carriers can enter the channel to reach Sanghi Industries’ 6.1 million tons capacity integrated cement plant which is located in the Kutch area of Gujarat. The Sanghi Industries plant also possesses the capacity to produce 6.6 mt of clinker. It is a part of Ambuja Cements.

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