+
Adani Enterprises enters cement market, forms Adani Cement
Cement

Adani Enterprises enters cement market, forms Adani Cement

Adani Enterprises informed stock exchanges on Saturday that it has incorporated a wholly-owned subsidiary named Adani Cement, making its way into the cement business in India.

Adani Enterprises informed that Adani Capital has authorised share capital of Rs 10 lakh and paid-up share capital of Rs 5 lakh. Its new subsidiary has 50,000 equity shares of Rs 10 per unit.

Adani Cement has registered with the Registrar of Gujarat on 11 June 2021, and it is yet to begin operations. The newly established company will work as a manufacturer, producer, and processor of all types of cement, Adani Enterprises said.

Adani Enterprises added $43 billion to its net worth in 2021. Its port-to-power conglomerate has an interest in sectors from FMCG to airport management and power transmission.

The government might have encouraged Adani's Cement business to revive capital expenditure, which is directly proportional to the performance of the sector.

The company might cause some disruption to the competitive cement industries in India, which are preparing for revival after the struggle from the Covid pandemic and earlier troubles.

Image Source


Also read: Flipkart ties up with Adani to set up logistics hub and data centre

Also read: Adani Enterprises bags Rs 1,838 cr highway project in Kerala

Adani Enterprises informed stock exchanges on Saturday that it has incorporated a wholly-owned subsidiary named Adani Cement, making its way into the cement business in India. Adani Enterprises informed that Adani Capital has authorised share capital of Rs 10 lakh and paid-up share capital of Rs 5 lakh. Its new subsidiary has 50,000 equity shares of Rs 10 per unit. Adani Cement has registered with the Registrar of Gujarat on 11 June 2021, and it is yet to begin operations. The newly established company will work as a manufacturer, producer, and processor of all types of cement, Adani Enterprises said. Adani Enterprises added $43 billion to its net worth in 2021. Its port-to-power conglomerate has an interest in sectors from FMCG to airport management and power transmission. The government might have encouraged Adani's Cement business to revive capital expenditure, which is directly proportional to the performance of the sector. The company might cause some disruption to the competitive cement industries in India, which are preparing for revival after the struggle from the Covid pandemic and earlier troubles. Image Source Also read: Flipkart ties up with Adani to set up logistics hub and data centre Also read: Adani Enterprises bags Rs 1,838 cr highway project in Kerala

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?