Adani Group in discussion to buy a huge share in Ambuja Cements Ltd
Cement

Adani Group in discussion to buy a huge share in Ambuja Cements Ltd

Adani Group may sign an agreement to purchase a majority share in Ambuja Cements Ltd from Swiss firm Holcim. Now, Ambuja is owned by the world's largest cement company, which has a 63.1% share.

Ambuja Cements had a market value of $748.94 billion.

According to media sources, JSW Group, an Indian metals-to-cement giant, is among the other bids for the assets.

Holcim is attempting to diversify its business by focusing on building technologies rather than its main industry of cement and aggregates, as it places a greater emphasis on sustainability.

As per media sources, no final decisions have not been made yet regarding this decision.

Ambuja Cement was founded in 1983, with a cement capacity of 31 million metric tonnes, six integrated production plants and eight cement grinding units throughout India.

Adani Enterprises Ltd., the main company of the Adani Group, has two cement companies.

According to media sources, Adani Cementation Ltd. plans to establish an integrated factory in Gujarat.

Adani Cement Ltd. was founded by the group in June 2021.

Image Source

Adani Group may sign an agreement to purchase a majority share in Ambuja Cements Ltd from Swiss firm Holcim. Now, Ambuja is owned by the world's largest cement company, which has a 63.1% share. Ambuja Cements had a market value of $748.94 billion. According to media sources, JSW Group, an Indian metals-to-cement giant, is among the other bids for the assets. Holcim is attempting to diversify its business by focusing on building technologies rather than its main industry of cement and aggregates, as it places a greater emphasis on sustainability. As per media sources, no final decisions have not been made yet regarding this decision. Ambuja Cement was founded in 1983, with a cement capacity of 31 million metric tonnes, six integrated production plants and eight cement grinding units throughout India. Adani Enterprises Ltd., the main company of the Adani Group, has two cement companies. According to media sources, Adani Cementation Ltd. plans to establish an integrated factory in Gujarat. Adani Cement Ltd. was founded by the group in June 2021. Image Source

Next Story
Infrastructure Transport

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Next Story
Infrastructure Transport

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Next Story
Real Estate

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?