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

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..