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

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