The Competition Commission of India (CCI) has cleared Ambuja Cements’ proposal to acquire a majority stake in CK Birla group firm Orient Cement Ltd for ₹8,100 crore. The acquisition will add 16.6 million tonne per annum (MTPA) capacity to Adani Cement, making it one of the largest cement manufacturers in the country. The acquisition will also increase Adani Cement’s capacity to meet the growing demand for cement in India. The deal is part of Adani Group’s strategy to expand its presence in the cement industry.
Ambuja Cements, a part of Adani Group, operates 22 integrated cement plants across India, as well as 10 bulk cement terminals and 21 grinding units. The company has a strong presence in the Indian cement market, with a significant portion of its capacity coming from its own manufacturing units.
The acquisition will also make Adani Cement a major player in the Indian cement market, with a combined capacity of around 40 MTPA. This will make it a significant player in the country’s competitive cement market, which is dominated by other large players such as UltraTech Cement and ACC.
In addition to the cement sector, Adani Group has also made acquisitions in other sectors, including construction and infrastructure. The group has announced plans to acquire a 30.07% stake in PSP Projects Ltd, a construction firm, for ₹685.36 crore. The acquisition is expected to strengthen Adani Group’s presence in the construction sector.
The CCI has also approved the proposed takeover of Orient Cement by Ambuja Cements, which will make Adani Cement a significant player in the Indian cement market. The acquisition is likely to have significant implications for the cement sector, as Adani Cement will become a major player in the country’s competitive cement market. The deal is expected to add significant capacity to the country’s cement production, making it easier for the industry to meet the growing demand for cement.