Andhra Cements Limited at its Board of Directors at its meeting held on 24 January 2024 considered and approved a proposal to enhance the Clinker manufacturing capacity from 1.65 MTPA to 2.3 MTPA and also the Cement grinding capacity from 1.82 MTPA to 3 MTPA at Durga Cement Works Plant, in Andhra Pradesh. Period within which the proposed capacity is to be added: 2 years. Investment required: INR 4,706.9 million.

Mode of Financing: Equity & Internal Accruals. Rationale: To optimize the Cost of Production and to meet the raising demand as well as to consolidate market share in the southern region.