Ambuja Cements cuts capex by 15% to address execution issues
pre-market1 source ↓written by the desknot a recommendation
- in capital expenditure
- 15% reduction
Ambuja Cements announced a 15% reduction in capital expenditure for FY 2027 to address significant project delays and cost overruns. Promoter Karan Adani cited issues such as selecting the wrong contractors and starting projects without complete engineering plans. Operational challenges at recent acquisitions, Sanghi Cement and Penna Cement, further exacerbate these concerns.
Not investment advice. For informational purposes only.