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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..