CCI Clears Ambuja Cements' Plan to Acquire 72.8% Stake in Orient Cement

06 Mar 2025 CW Team

The Competition Commission of India has approved Ambuja Cements's proposed acquisition of up to 72.8 per cent shareholding in Orient Cement.

Ambuja Cements, a leading manufacturer of grey cement, produces Ordinary Portland Cement (OPC), Pozzolona Portland Cement (PPC), and Pozzolona Composite Cement (PCC). The company, along with its subsidiaries, operates 22 integrated cement plants, 10 bulk cement terminals, and 21 grinding units across India.

Orient Cement specializes in the production of grey cement, including PPC and OPC. The company operates three manufacturing facilities in Devapur (Telangana), Chittapur (Karnataka), and Jalgaon (Maharashtra), with a distribution network spanning 10 states.

The acquisition process involves two key steps. First, Ambuja Cements will acquire a 46.80 per cent stake in Orient Cement, which includes a 37.90 per cent shareholding from the existing Promoter and Promoter Group, along with 8.90 per cent from certain public shareholders. This transaction will trigger an open offer obligation under the Securities and Exchange Board of India's (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

In the second phase, Ambuja Cements will make an open offer to acquire up to 26 per cent of the expanded share capital of Orient Cement. If the offer is fully accepted, Ambuja Cements' total shareholding in Orient Cement will reach 72.8 per cent.

A detailed order from the Competition Commission of India will be issued in due course.

News source: PIB

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..