Ambuja Cements to Merge ACC, Orient Cement into Single Entity

24 Dec 2025 CW Team

Along with approving the merger, the board has also cleared the share swap ratios for shareholders of ACC and Orient Cement. Under the approved terms, Ambuja Cements will issue 328 equity shares of Rs 2 face value each for every 100 equity shares of ACC with a face value of Rs 10 each, to eligible ACC shareholders. Similarly, for every 100 equity shares of Orient Cement with a face value of Rs 1 each, Ambuja Cements will issue 33 equity shares of Rs 2 face value each to eligible Orient Cement shareholders.

The proposed amalgamation is expected to simplify the group’s cement operations by bringing all three companies under a single corporate structure. According to the company, the consolidation will create a strong pan-India presence and unlock operational synergies by optimising manufacturing and logistics networks, streamlining the corporate framework, strengthening the balance sheet, and enabling more efficient capital allocation to support future growth and market leadership.

Commenting on the development, Karan Adani, non-executive director, Ambuja Cements, Adani Group, said, “This consolidation represents a transformational step in building a globally competitive, integrated cement and building materials organisation. By bringing Ambuja Cements, ACC, and Orient Cement under a single corporate structure, we are strengthening our ability to drive operational excellence, accelerate growth, and deliver sustainable long-term value.”

He added, “This merger builds on our already proven track record to further position the business to drive efficiency and productivity. A robust and resilient balance sheet positions the unified strong entity to effectively support future growth initiatives.”

The merger is expected to enhance scale, efficiency, and competitiveness in India’s rapidly consolidating cement sector.

Ambuja Cements, part of the Adani Group, has received board approval for the amalgamation of ACC and Orient Cement with itself, a move aimed at creating a single, large cement company capable of competing with market leader UltraTech Cement.Along with approving the merger, the board has also cleared the share swap ratios for shareholders of ACC and Orient Cement. Under the approved terms, Ambuja Cements will issue 328 equity shares of Rs 2 face value each for every 100 equity shares of ACC with a face value of Rs 10 each, to eligible ACC shareholders. Similarly, for every 100 equity shares of Orient Cement with a face value of Rs 1 each, Ambuja Cements will issue 33 equity shares of Rs 2 face value each to eligible Orient Cement shareholders.The proposed amalgamation is expected to simplify the group’s cement operations by bringing all three companies under a single corporate structure. According to the company, the consolidation will create a strong pan-India presence and unlock operational synergies by optimising manufacturing and logistics networks, streamlining the corporate framework, strengthening the balance sheet, and enabling more efficient capital allocation to support future growth and market leadership.Commenting on the development, Karan Adani, non-executive director, Ambuja Cements, Adani Group, said, “This consolidation represents a transformational step in building a globally competitive, integrated cement and building materials organisation. By bringing Ambuja Cements, ACC, and Orient Cement under a single corporate structure, we are strengthening our ability to drive operational excellence, accelerate growth, and deliver sustainable long-term value.”He added, “This merger builds on our already proven track record to further position the business to drive efficiency and productivity. A robust and resilient balance sheet positions the unified strong entity to effectively support future growth initiatives.”The merger is expected to enhance scale, efficiency, and competitiveness in India’s rapidly consolidating cement sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..