Ambuja Cements shares rise over 1% on partnering with UK firm for commercial-scale low-carbon cement project in Gujarat

The stock surged as much as 1.19% to hit an intraday high of ₹429 per equity share. At around 2:23 PM, it stood at ₹426.50 per equity share, reflecting a 0.60% increase.

The scrip has declined 1% in the past week and more than 2% over the month. On a year-to-date basis, it has fallen 24%.

While the share hit a 52-week high of ₹624.95 apiece on July 22, 2025, it touched a year’s low of ₹394 on March 23, 2026.

The project will evaluate Leilac's carbon capture and hybrid electrification technology at Ambuja Cements' 6.6 million tonnes per annum (MTPA) Sanghi plant, to reduce emissions, lower fuel consumption, and increase the use of renewable electricity in cement manufacturing, according to a company statement on Monday.

The initiative forms part of Ambuja Cements' broader decarbonisation strategy and supports its Science-Based Targets initiative (SBTi)-validated net-zero target for 2050.

"As the company advances the electrification of cement manufacturing to increase the use of renewable energy, backed by nearly 1 GW of captive green power, it is laying the groundwork to scale breakthrough solutions such as carbon capture,” the press release said.

The collaboration is expected to improve the economics of carbon capture, strengthening the business case for large-scale deployment of carbon capture and utilisation, it added.

Subject to successful demonstration, the project could be scaled up by seven to eight times to capture more than one million tonnes of carbon dioxide annually, making it one of the world's largest industrial-scale facilities of its kind.

Commenting on the development, Karan Adani, Director of Ambuja Cement, said: “The cement industry's transition to a lower-carbon future will require bold thinking, technological innovation, and collaboration across the value chain. Our partnership with Leilac reflects our commitment to evaluating next-generation technologies that can reduce process emissions while improving energy efficiency and supporting long-term sustainable growth.”

Leilac CEO Daniel Rennie said the collaboration aims to deliver a commercial-scale project for low-cost, low-carbon cement production and demonstrate an economic and replicable solution for the global cement industry.

Ambuja Cements has a total market capitalisation of ₹1.06 lakh crore as of June 22, 2026, according to data on the NSE.