Cement & Cement Products Ambuja Cements declares Q3FY22 result: Operating EBIT growth of 25% for the full year 2021 Investment of Rs 3500 Crore for Cement expansion plan of 7.0 million tons Full year 2021 Net sales higher by 23%, driven by volume growth and product mix EBIT grows by 25% Quarter 4, 2021 Net sales higher by 6% EBITDA for the quarter impacted by unprecedented increases of fuel prices Mr. Neeraj Akhoury, CEO, Holcim India and Managing Director & Chief Executive Officer, Ambuja Cements Limited said: "Ambuja delivered a strong full year performance with an EBIT growth of 25% for the full year backed by strong performance in volume, product mix and operational efficiencies combined with significant acceleration in volumes under the Master Supply Agreement with ACC. During the year we delivered our highest ever sales volume supported by stabilization of operations at our new plant in Rajasthan. However, the December 2021 quarter was unfavorably impacted by very steep escalation in fuel prices coupled with subdued demand in multiple regions . The Board has approved in principle an investment of Rs 3,500 Crore for a cement grinding expansion plan of potential 7.0 million tons across our existing grinding units at Sankrail and Farakka and at a greenfield location at Barh, in Bihar. This is supported by a 3.2 million tons brownfield clinker expansion at our existing integrated plant in Bhatapara, Chhattisgarh. On the ESG front, we are the first cement company globally to make it to the "A" list in the CDP Water Security 2021 which demonstrates our water stewardship. The positive changes made through our sustainability efforts positioned us 5th position in the Dow Jones Sustainability Index (DJSI) 2021 among construction materials companies globally". Result PDF