+
Adani Group becomes most profitable cement manufacturer
Cement

Adani Group becomes most profitable cement manufacturer

After completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani announced plans to double cement manufacturing capacity and become the country's most profitable manufacturer.

He predicted a multifold increase in cement demand in India as a result of the country's record-breaking economic development and the government's infrastructure-building push, which will result in huge margin expansion.

In a speech marking the conclusion of the transaction on September 17, Adani Group's founder and chairman declared the ports-to-energy company has become the country's second-largest cement manufacturer in a single stroke.

Adani Group last week completed a buyout of Swiss major Holcim’s stake in the two firms.

Also Read
Birla Corporation to expand cement production capacity
Adani Group in talks to acquire additional stake in ACC, Ambuja

After completing a USD 6.5 billion acquisition of Ambuja Cements and ACC, billionaire Gautam Adani announced plans to double cement manufacturing capacity and become the country's most profitable manufacturer. He predicted a multifold increase in cement demand in India as a result of the country's record-breaking economic development and the government's infrastructure-building push, which will result in huge margin expansion. In a speech marking the conclusion of the transaction on September 17, Adani Group's founder and chairman declared the ports-to-energy company has become the country's second-largest cement manufacturer in a single stroke. Adani Group last week completed a buyout of Swiss major Holcim’s stake in the two firms. Also Read Birla Corporation to expand cement production capacity Adani Group in talks to acquire additional stake in ACC, Ambuja

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?