India’s Ambuja Cement Limited, a subsidiary of the Adani Cement, has completed its acquisition of Penna Cement Industries Limited (PCIL) end of last week, the company said in an exchange filing. We reported about the transaction 14. June 2024). With…
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…
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…
Ambuja Cements Limited, which is part of the Adani Group, plans to increase its green power to 60% from 418 MW in FY 23-24 to 1466 MW by FY 27-28 in absolute terms. The more than 1000 MW targeted additional…
Ambuja Cement, which is part of the Adani Group, completes the acquisition of a 54% majority stake in Sanghi Industries, which further consolidates the Indian cement industry. Sanghi operates the Sanhipuram cement plant (photo) in Kutch, Gujarat as well as…
Adani Group-owned Ambuja Cement will expand its clinker and cement capacities by 8 Mta and 14 – 16 Mta, respectively, by FY 2028. The two new clinker manufacturing units would operate on green power or renewable energy and help to…