India’s Ambuja Cement acquires via the Adani Group the shares of Orient Cement Ltd. (OCL) at INR 8,100 crore equity value, fully funded by internal accruals. The acquisition adds 16.6 Mta capacity (8.5 are operational, 8.1 Mta are ready to execute, photo Chittapur plant) to Ambuja’s portfolio and will accelerate the journey to achieve 100+ Mta capacity in FY25 and 140 Mta by FY28. OCL has 5.6 Mta clinker and 8.5 Mta cement capacity operational plus 95 MW CPP, 10 MW WHRS, 33 MW renewable energy spread across the states of Telangana, Karnataka and Maharashtra.