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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code