Adani Group Cement Expansion: Major Acquisition of Orient Cement

Gautam Adani's Adani Group is acquiring Orient Cement from the CK Birla group for Rs 8,100 crore, with Ambuja Cements, an Adani company, leading the purchase. This acquisition adds 16.6 MTPA capacity, moving the group closer to 100 MTPA by FY25. The acquisition aims to strengthen Adani Cement's market presence.

In a strategic move to enhance its market footprint, the Adani Group, under the leadership of billionaire Gautam Adani, has announced its acquisition of Orient Cement from the CK Birla group at a valuation of Rs 8,100 crore.

Ambuja Cements, a key player within Adani Cement, has struck a binding agreement to purchase 46.8% of Orient Cement's shares from its promoters and select shareholders. The acquisition, facilitated through Ambuja's internal accruals, will significantly boost Adani Cement's capacity by 16.6 million tonnes per annum.

This development is part of a broader expansion strategy, as evidenced by Adani's recent acquisition of Penna Cement. With the latest deal, Ambuja is on track to achieve a cement capacity of 100 MTPA by FY25, enhancing Adani Cement's market share by 2% across India.

(With inputs from agencies.)