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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..