India’s Ambuja Cements Limited, part of the Adani Group, has received approval for two separate schemes of amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated ‘One Cement Platform’. The merger…
India’s Adani Group has emerged as the highest bidder in the race to acquire engineering and construction company Jaiprakash Associates (Jaypee), which is currently undergoing insolvency proceedings (we reported here 24. July 2024). According to industry sources, the bid stands…
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…
India’s Adani Cement Group plans to expand its capacity from 88.9 Mta (incl. Penna Cement) to 140 Mta by 2028. In the company’s roadmap, out of the total expansion 81% shall be with greenfield projects, while only 19% shall be…
India’s Adani Group achieved a 45% EBITDA growth in FY 24, leading to INR 82,917 crore (about US$ 10 bn). 53.6% has been achieved in the utility sector, 20.75% in the transport sector, 9.15% in cement and 16.5% in other…
India’s Adani Group will acquire Penna Cement for Rs 10,422 crore. The deal includes the purchase of 100% shares of Penna Cement Industries Ltd (PCIL) from its current owners, P Pratap Reddy and family. PCIL has an operational cement production…
India. The Adani family infuses about U$ 998m to increase the stake in Ambuja Cements from 66.7% to 70.3%. This latest funds infusion will be instrumental for Ambuja (photo: Marwar Cement Works in Rajasthan) and its subsidiaries ACC Ltd. and…
The Adani Group plans to expand its cement capacity in Madhya Pradesh (MP), India by 3 more plants, which are not in their Phase II expansion list. Up to now, in MP the group operates via ACC Cement two integrated…
The Adani Group signed a MoU with the Govt. of Telangana in India to invest Rs 1,400 crore to set up a 6.0 Mta cement plant in the next five years. This project, announced 2 weeks ago, would be put…
It has been reported that Andani’s Ambuja Cement signed a MoU to install 3 grinding plants in Tamil Nadu, Southern India, for an investment of RS 3500 crores. However, this has not been verified yet (red color). Verified have been…