Adani, Ambuja Cement Acquire My Home Group Unit

17 Apr 2024 CW Team

Adani Enterprises and Ambuja Cements have announced plans to acquire My Home Industries' grinding unit in Tamil Nadu for Rs 4.13 billion. This strategic move aims to bolster the companies' presence in the cement sector and expand their manufacturing capabilities in the region.

The acquisition of My Home Group's grinding unit aligns with Adani and Ambuja Cement's growth strategies, enabling them to strengthen their foothold in Tamil Nadu's cement market. The grinding unit, located in Thiruvallur district, is equipped with modern technology and has a production capacity of 1.6 million tonnes per annum.

Adani and Ambuja Cement's decision to acquire the grinding unit underscores their confidence in the long-term prospects of the cement industry in Tamil Nadu. The state's growing infrastructure development and construction activities present significant opportunities for cement manufacturers to expand their operations and cater to increasing demand.

The acquisition is expected to enhance Adani and Ambuja Cement's production capacity and operational efficiency, enabling them to better serve customers and capitalize on emerging market trends. Additionally, it reflects their commitment to investing in strategic assets that support sustainable growth and value creation for stakeholders.

The transaction is subject to regulatory approvals and customary closing conditions. Upon completion, Adani Enterprises and Ambuja Cements will leverage the synergies of the acquired unit to further strengthen their position in the highly competitive cement market in Tamil Nadu and drive business growth.

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..