Ambuja Cements shares surged 1.19% to hit an intraday high of ₹429 per equity share following the announcement of its strategic partnership with UK-based clean technology firm Leilac Limited. As of 2:23 PM on June 22, 2026, the stock was trading at ₹426.50 per share, reflecting a 0.60% increase. The stock has declined 1% in the past week and more than 2% over the month, while on a year-to-date basis, it has fallen 24%. The scrip has touched a 52-week high of ₹624.95 on July 22, 2025, and a year's low of ₹394 on March 23, 2026. The company maintains a total market capitalisation of ₹1.06 lakh crore as of June 22, 2026, according to data on the NSE.
Ambuja Cements, the cement company of the Adani Group, and Leilac Limited, a UK-headquartered clean technology firm, have signed an agreement to develop one of the world's biggest commercial-scale pathways for low-carbon cement production at Sanghipuram in Gujarat's Kutch district. According to a joint media release, the partnership will assess the integration of Leilac's carbon capture and hybrid electric heating technology at Ambuja Cements' 6.6 MTPA plant to reduce emissions in cement production, cut fuel usage and increase the use of renewable electricity. The company is increasing the utilization of renewable energy, supported by nearly 1 GW of captive green power capacity, as part of its efforts to decarbonise cement manufacturing. Karan Adani, Director of Ambuja Cements, stated that the cement industry's transition to a lower-carbon future requires bold thinking, technological innovation and collaboration across the value chain, emphasizing that the partnership reflects their commitment to evaluating next-generation technologies that can reduce process emissions while improving energy efficiency and supporting long-term sustainable growth.
The technology is designed to enable a pathway where coal consumption can be reduced to zero, while allowing alternate fuels to be used flexibly, as reported by the joint media release. Depending on the success of the demonstration project, the initiative is likely to be scaled up by 7x to 8x to capture over one million tonnes of carbon dioxide annually. This scaling would help establish a scalable pathway for low-carbon cement production in India and beyond, with the facility being positioned as the world's largest industrial-scale project of its kind. The development is expected to improve the economics of carbon capture and strengthen the business case for large-scale deployment of carbon capture and utilisation technologies across the cement manufacturing sector. The companies claim that the proposed facility could become one of the world's largest industrial-scale low-carbon cement projects, particularly significant as cement emissions arise from chemical processes in clinker production that are difficult to eliminate through other methods.
The partnership comes as an important step in Ambuja Cements' broader decarbonisation strategy, supporting the Adani Group company's SBTi-validated net zero target for 2050. The collaboration is expected to improve the economics of carbon capture, strengthening the business case for large-scale deployment of carbon capture and utilisation technologies across the cement industry. The company currently operates a cement production capacity of 109 MTPA across 24 integrated manufacturing plants and 22 grinding units in India, and has been investing in renewable energy, waste heat recovery systems, and other sustainability initiatives as part of its commitment to achieve net-zero emissions by 2050. This initiative aligns with their vision of building world-class manufacturing operations for the future, with the project coming as cement manufacturers globally face mounting pressure to reduce carbon emissions from one of the most carbon-intensive industrial sectors. Daniel Rennie, CEO of Leilac Limited, expressed delight about beginning this collaboration to deliver a commercial-scale project for low-cost, low-carbon cement production, aiming to demonstrate an economic, replicable and future-proof solution for the global cement industry.
Industry experts view carbon capture as one of the key technologies required for the cement sector to meet long-term climate goals, particularly as process emissions account for a large share of the industry's carbon footprint. The commercial demonstration project at Ambuja Cements' 6.6 MTPA Sanghi plant in Sanghipuram will evaluate the integration of Leilac's carbon capture and hybrid electric heating technology to support lower-emission cement production through greater use of renewable electricity and the capture of unavoidable process carbon dioxide. Leilac, a subsidiary of Australian technology company Calix Limited, develops carbon capture and electrification solutions for hard-to-abate industries, including cement and lime manufacturing, and is currently working with multiple industrial partners across Europe, the Americas, and the Asia-Pacific region to support industrial decarbonisation efforts. The project, positioned as the largest industrial-scale plant of its kind globally, could provide a scalable model for low-carbon cement production in India and other markets, with the collaboration expected to strengthen the business case for large-scale deployment of carbon capture and utilisation technologies across the cement manufacturing sector.
