Ambuja Cements acquires majority in Sanghi
Cement

Ambuja Cements acquires majority in Sanghi

Ambuja Cements has concluded an agreement to acquire a majority stake in the operations of Sanghi Industries. This acquisition is expected to strengthen the cement operations of billionaire Gautam Adani's firm.

One of the sources mentioned that the deal was based on Sanghi's enterprise value of Rs 60 billion. Adani was one of the frontrunners in the race to acquire Sanghi, which was valued at the same enterprise value.

Both Adani Group and Sanghi Cement declined to provide any comments on the matter. Adani currently holds the position of India's second-largest cement producer, just behind UltraTech Cement. Adani's firm owns Ambuja and its subsidiary ACC, which collectively have a production capacity of over 65 million tonnes and run more than a dozen manufacturing plants across India.

On the other hand, Sanghi Industries is a prominent cement manufacturer based in the state of Gujarat in western India. As stated on their website, they have an annual production capacity of 6.1 million metric tonne.

Also read: 
Cement & RMC: What’s Missing in the Market?  
UltraTech joins WEF's Moving India initiative  


Ambuja Cements has concluded an agreement to acquire a majority stake in the operations of Sanghi Industries. This acquisition is expected to strengthen the cement operations of billionaire Gautam Adani's firm. One of the sources mentioned that the deal was based on Sanghi's enterprise value of Rs 60 billion. Adani was one of the frontrunners in the race to acquire Sanghi, which was valued at the same enterprise value. Both Adani Group and Sanghi Cement declined to provide any comments on the matter. Adani currently holds the position of India's second-largest cement producer, just behind UltraTech Cement. Adani's firm owns Ambuja and its subsidiary ACC, which collectively have a production capacity of over 65 million tonnes and run more than a dozen manufacturing plants across India. On the other hand, Sanghi Industries is a prominent cement manufacturer based in the state of Gujarat in western India. As stated on their website, they have an annual production capacity of 6.1 million metric tonne. Also read:  Cement & RMC: What’s Missing in the Market?  UltraTech joins WEF's Moving India initiative  

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