Adani group to refinance ACC

05 Dec 2022 CW Team

The Adani group is in talks with several foreign banks about refinancing $3.5 billion in bridge loans taken out this year for the acquisitions of Ambuja Cement and ACC. The loans were taken out by the Mauritius-based promoter entity Endeavour Trade and Investment, a special purpose vehicle that purchased Ambuja Cement's stake from Swiss cement giant Holcim in an all-cash $6.5 billion transaction. The refinanced loans' terms will be extended to five years. Adani currently controls 63.15 per cent of Ambuja Cement and 56.69 per cent of ACC (of which a 50.05 per cent stake is held through Ambuja Cement).

Soon after taking over the companies in September, the promoters agreed to invest an additional Rs 200 billion in order to double the company's capacity. The combined installed production capacity of Ambuja Cement and ACC is 67.5 million tonne per year.

According to bankers, the earlier Holcim stake acquisition transaction was financed by $4.5 billion in loans from 14 international banks, demonstrating foreign banks' confidence in Indian companies.

Also read:
Railways has earned Rs 1059.05 billion from freight loading till Nov'22
REC and PFC signs MoU for the fiscal year 2022-23

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..