New Delhi, March 12 -- Ambuja Cements, which has been on a mergers and acquisitions spree, appears to be taking a leaf out of rival Shree Cement's playbook.

Analysts who recently visited the company's Sanghipuram plant in Gujarat said the management indicated a shift toward a value-over-volume strategy, prioritising margin-accretive growth rather than rapid capacity additions that risk running at low utilization levels.

The Sanghi Industries plant, acquired by Ambuja in December 2023, now accounts for about 6% of the company's current capacity.

Ambuja expects to meet its interim capacity addition target of 117 million tonnes per annum (mtpa) over the next three to four months. However, further expansion toward the 155 mtpa target will ...