What is the core purpose of the new agreement between Calix and Ambuja Cements?

Calix Limited (ASX:CXL) signed a joint development agreement with Ambuja Cements to deploy emissions-reduction technology at a commercial scale in India. The partnership aims to retrofit an existing cement plant to test low-cost, low-carbon production methods.

What are the financial requirements for Calix and Leilac under this agreement?

Calix Limited (ASX:CXL) and its subsidiary Leilac are required to make zero capital contributions toward the project at any stage. All funding for the commercial-scale deployment at the plant will be handled without financial input from the technology providers.

What specific operational metrics will the initial phase of the project evaluate?

Calix Limited (ASX:CXL) designed the initial demonstration phase to evaluate how its technology reduces emissions, lowers fuel consumption, and increases renewable electricity use.

What is the target timeline and volume for the carbon capture expansion?

Calix Limited (ASX:CXL) aims to expand the project to capture more than 1 million tonnes of carbon dioxide per annum. This expansion remains subject to a successful initial demonstration phase and the negotiation of a technology licence agreement.

What geographic and market footprint does Ambuja Cements bring to this partnership?

Ambuja Cements is a subsidiary of the Adani Group, which operates as the ninth-largest cement producer globally with an annual capacity of approximately 109 million tonnes. The project will take place at the Sanghi cement plant located in Gujarat, India.

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Calix partners with Ambuja Cements targeting 1M tonnes

Written by Liezl GambePublished Jun 22, 2026, 11:15 PM

Calix subsidiary Leilac executed a joint development agreement with Ambuja Cements for a low-carbon cement project in India.
The partnership requires no capital contribution from Calix or Leilac at any stage of the project.
The initiative focuses on retrofitting technology designed to lower fuel consumption and increase renewable electricity usage.

Calix (ASX:CXL), through its Leilac subsidiary, has signed a joint development agreement with Ambuja Cements to develop a low-carbon cement project in India.

The project marks a collaborative step to retrofit industrial facilities with commercial-scale emissions-reduction technology.

The initial phase will assess the technology to lower fuel consumption and increase renewable electricity usage.

The parties also intend to negotiate a technology licence agreement before making a final construction decision.

Following the announcement, the Calix share price was down at $0.37 ahead of that formal construction decision.

Adani Cement operates as the ninth largest cement producer globally with an annual capacity of 109 million tonnes.

Neither Calix nor Leilac will provide capital contributions for this project.

Calix partners with Ambuja Cements targeting 1M tonnes

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