Ambuja Cements boosts leadership with Sanghi Industries acquisition

07 Dec 2023 CW Team

"Ambuja Cements, one of the largest cement companies in India, has successfully acquired Sanghi Industries, a prominent cement manufacturer in western India, for an enterprise value of Rs 51.85 billion. Adani Group, which acquired a majority stake in Ambuja Cements in September 2022, now holds a controlling share of 54.51% in Sanghi Industries. The acquisition, fully financed through internal accruals, elevates Ambuja Cements' consolidated capacity from 68.5 MTPA to 74.6 MTPA.

Ajay Kapur, Chief Executive Officer of the Cement Business at Adani Group, emphasised the strategic significance of the acquisition in solidifying the group's leadership position in India's cement industry. He stated, ""This acquisition represents a significant step forward in our journey, strengthening our commitment to delivering high-quality products and services to our customers while contributing to India's infrastructure development.""

The acquisition grants Adani Group access to Sanghi Industries' Sanghipuram, a massive integrated manufacturing unit spread over 2,700 hectares in western Gujarat, recognised as India's largest single-location cement and clinker production facility. Sanghipuram features two kilns with a clinker production capacity of 6.6 MTPA, a cement grinding unit of 6.1 MTPA, a dedicated 13 MW captive power plant, and an efficient 13 MW waste facility, according to Adani Cement.

This strategic move enables Ambuja Cements to advance its unique coastal strategy, aiming to boost cement capacity to 15 MTPA along the west coast of India, leveraging Sanghi Industries' low-cost clinker. The initiative will harness the strengths of Ambuja and ACC brands, Adani Group's expertise in ports and shipping, and the cost advantages of the Sanghipuram unit.

Ambuja Cements plans to invest in expanding the existing captive port at Sanghipuram to accommodate larger vessels, contributing significantly to the nation's infrastructure development by meeting the growing demand for cement in Gujarat, Maharashtra, Karnataka, and Kerala at a competitive cost. The expansion is expected to be commissioned over the next 30 months.

Kapur highlighted that the cost and geographic advantages of the 15 million tons coastal strategy will enhance the bottom line of Ambuja Cements. The company remains committed to investing in cutting-edge technologies and best practices to ensure the highest quality standards and environmental stewardship."

"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."

Ambuja Cements, one of the largest cement companies in India, has successfully acquired Sanghi Industries, a prominent cement manufacturer in western India, for an enterprise value of Rs 51.85 billion. Adani Group, which acquired a majority stake in Ambuja Cements in September 2022, now holds a controlling share of 54.51% in Sanghi Industries. The acquisition, fully financed through internal accruals, elevates Ambuja Cements' consolidated capacity from 68.5 MTPA to 74.6 MTPA.Ajay Kapur, Chief Executive Officer of the Cement Business at Adani Group, emphasised the strategic significance of the acquisition in solidifying the group's leadership position in India's cement industry. He stated, This acquisition represents a significant step forward in our journey, strengthening our commitment to delivering high-quality products and services to our customers while contributing to India's infrastructure development.The acquisition grants Adani Group access to Sanghi Industries' Sanghipuram, a massive integrated manufacturing unit spread over 2,700 hectares in western Gujarat, recognised as India's largest single-location cement and clinker production facility. Sanghipuram features two kilns with a clinker production capacity of 6.6 MTPA, a cement grinding unit of 6.1 MTPA, a dedicated 13 MW captive power plant, and an efficient 13 MW waste facility, according to Adani Cement.This strategic move enables Ambuja Cements to advance its unique coastal strategy, aiming to boost cement capacity to 15 MTPA along the west coast of India, leveraging Sanghi Industries' low-cost clinker. The initiative will harness the strengths of Ambuja and ACC brands, Adani Group's expertise in ports and shipping, and the cost advantages of the Sanghipuram unit.Ambuja Cements plans to invest in expanding the existing captive port at Sanghipuram to accommodate larger vessels, contributing significantly to the nation's infrastructure development by meeting the growing demand for cement in Gujarat, Maharashtra, Karnataka, and Kerala at a competitive cost. The expansion is expected to be commissioned over the next 30 months.Kapur highlighted that the cost and geographic advantages of the 15 million tons coastal strategy will enhance the bottom line of Ambuja Cements. The company remains committed to investing in cutting-edge technologies and best practices to ensure the highest quality standards and environmental stewardship.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

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..