Ambuja Cements acquires majority in Sanghi

02 Aug 2023 CW Team

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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..