Ambuja Cements has acknowledged a delay in the execution of expansion projects and said it is keeping its capital expenditure (capex) in FY27 “moderate” in the range of Rs 6,000-6,500 crore as against Rs 7,500 crore last year as it focuses on completion rather than taking on new ones.
Ambuja Cement Director Karan Adani, while replying to a query in a post-earnings investor call, admitted that execution in the cement business has fallen short of the group’s standards due to contractor issues, a lack of an execution team, and incomplete engineering work.
The country’s second-largest cement maker is “pausing and correcting” itself and “wants to first complete our projects that we have taken in our hand before we start any new projects”, Karan Adani said.
Among the key reasons for delays was the selection of contractors that did not meet execution expectations.
“We did not choose the right contractor for execution,” said Karan Adani, adding that the company had also faced challenges in
