Adani, Ambuja Cement Acquire My Home Group Unit
Cement

Adani, Ambuja Cement Acquire My Home Group Unit

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement