JSW, Adani set to battle for Holcim's India cement assets
Cement

JSW, Adani set to battle for Holcim's India cement assets

JSW Group reportedly is planning to compete aggressively with Adani Group for Holcim AG's local cement assets, paving way for a bidding battle to emerge as the country's second-biggest player in the cement industry.

JSW Group has reportedly revealed that it would be making a $7 billion bid for Ambuja Cements and ACC, the Holcim subsidiaries. However, speculations indicate that the deal value could go much higher to up to twice that number as both JSW and Adani chase ready-made assets that will be giving the winner a big presence in the market instantly. 

Holcim is believed to review bids from both Adani and JSW, but a deal would depend not just on financial but on other contractual terms with an inserted break-fee clause to get "high" compensation if the transaction fails. 


JSW Group reportedly is planning to compete aggressively with Adani Group for Holcim AG's local cement assets, paving way for a bidding battle to emerge as the country's second-biggest player in the cement industry.JSW Group has reportedly revealed that it would be making a $7 billion bid for Ambuja Cements and ACC, the Holcim subsidiaries. However, speculations indicate that the deal value could go much higher to up to twice that number as both JSW and Adani chase ready-made assets that will be giving the winner a big presence in the market instantly. Holcim is believed to review bids from both Adani and JSW, but a deal would depend not just on financial but on other contractual terms with an inserted break-fee clause to get high compensation if the transaction fails. 

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?