Being part of an ongoing transformation marks the continuation of a remarkable journey. The narrative of Sanghi Industries Limited (SIL) captures this very essence. Integration into Ambuja Cements unlocked an array of opportunities for us to craft a sustainable growth story.

SIL has carved out its place as a notable entity in the cement industry, fortified by extensive industry expertise, vast limestone reserves, and one of the most cost-effective manufacturing processes in the country. Now, as a key part of India’s fastest-growing cement company, which scaled beyond 100 MTPA capacity in a short period, we have unlocked our true potential as a leading cement supplier to premium brands – Ambuja Cements and ACC, which was previously underutilised.

Throughout the year, our revenues reached H 968.7 crore, from H 828 crore in the previous year, reflecting a growth of 17%. The primary factor for this upswing was the increased and effective utilisation of our capacities and capabilities.

Post the integration, we have substantially bolstered our market position, paving the way for accelerated growth. The capital infusion from Ambuja Cements has alleviated our liquidity challenges and enabled the repayment of high-interest debts, thus strengthening our balance sheet. These funds have been instrumental in meeting our immediate working capital needs, placing us favourably for future expansion. This strategic move not only solidifies our current standing but also lays a robust foundation for scaling up operations in the years ahead.

As an integral part of Ambuja Cements, a leader in the cement industry, we are committed to responsible business operations with a sharp focus on sustainability and innovation. Our dedication to sustainability is evident through our eco-friendly product lines and adherence to sustainable practices. Our initiatives include reducing Greenhouse Gas (GHG) emissions, tackling climate change, managing air emissions and waste according to circular economy principles, ensuring responsible water sourcing, preserving biodiversity, and upholding the highest Corporate Social Responsibility (CSR) standards.

Being part of Ambuja Cements has introduced and unlocked new avenues for our Company to excel. The Master Supply Agreement (MSA) has become the cornerstone of our growth strategy. By increasing our capacity utilisation post-acquisition, we have witnessed a rise in production volumes highlighting the transformative impact of the integration on our operational efficiency and financial performance, positioning us for sustained growth and profitability.

At SIL, we understand the critical importance of Environmental, Social, and Governance (ESG) principles in driving sustainable business practices. Our commitment to ESG is driven by its vital role in fostering long-term value creation and building stakeholder trust.

As we move forward, we remain dedicated to upholding the highest standards across all facets of ESG. From environmental stewardship to social responsibility and corporate governance, we prioritise initiatives that positively impact our planet, communities, and organisational integrity. Our journey towards ESG excellence is ongoing, and we are resolute in our commitment to continuous improvement and innovation in this crucial area.

I want to seize this moment to reaffirm to all stakeholders our intent to drive excellence through the synergies of Adani, Ambuja Cements, and ACC and to elevate our company to new heights. On behalf of the Board of Directors, I extend our heartfelt gratitude for your enduring trust in the Company.

Regards, Sukuru Ramarao CEO – Sanghi Industries