JSW Group prepared with $11 billion to take over Holcim India
Cement

JSW Group prepared with $11 billion to take over Holcim India

The battle to buy a majority share in Holcim Group's cement companies in India has become intense, with JSW Group lining up plenty of private equity firms and lenders to help finance the transaction. The decision comes after the Adani Group, led by billionaire Gautam Adani, reached a similar agreement with several international lenders.

According to media sources, JSW Group has received commitments for funding of up to $11 billion from private equity companies and lenders. Carlyle Group, Advent International, Apollo Private Equity Investment, and others had expressed interest in bidding for Holcim's twin properties, Ambuja Cements and ACC, in a combined bid.

The media sources revealed that many Indian and global lenders have offered help in the form of loans if needed.

About five large private equity firms have shown interest in the purchase, and assurances from seventy-eight banks and other institutions are also on the table.

Many of the bidders' teams have already arrived in Zurich, anticipating the submission of the proposal's final outlines.

The offer amount is now estimated to be about $10 billion, but with so many contenders in the mix, it might potentially reach to $13 billion.

Ambuja Cements has a 31.45 million tonne per annum (mtpa) installed capacity, with the retail segment accounting for over 80% of sales.

ACC, for its part, has a cement manufacturing capacity of 34.45 mtpa, bringing the overall production capacity of these enterprises to 65.9 mtpa.

JSW Group planned to boost its installed capacity to 25 mtpa by FY24, from 16 mtpa at the end of March. If the deal goes through, the group would become the country's second largest cement producer, with a total capacity of 81.9 mtpa.

The same is for Adani Group, which does not have a cement business but is reported to be exploring into it.

Holcim owns 63.1% of Ambuja Cements and 4.48% of ACC, whereas Ambuja, Holcim's flagship firm in India, owns 50.05% of ACC.

Ambuja Cements has a market capitalization of Rs 76,159.42 crore, whereas ACC has a market capitalization of Rs 44,672.71 crore. The combined market capitalization of the two firms is Rs 1.21 trillion. If signed, the agreement would be one of the country's largest.

With a manufacturing capacity of 550 mtpa, India is the world's second-largest cement manufacturer, accounting for around 8% of global cement output.

Image Source

Also read: ACC-Ambuja: Know about the cement industry’s most anticipated bidding

The battle to buy a majority share in Holcim Group's cement companies in India has become intense, with JSW Group lining up plenty of private equity firms and lenders to help finance the transaction. The decision comes after the Adani Group, led by billionaire Gautam Adani, reached a similar agreement with several international lenders. According to media sources, JSW Group has received commitments for funding of up to $11 billion from private equity companies and lenders. Carlyle Group, Advent International, Apollo Private Equity Investment, and others had expressed interest in bidding for Holcim's twin properties, Ambuja Cements and ACC, in a combined bid. The media sources revealed that many Indian and global lenders have offered help in the form of loans if needed. About five large private equity firms have shown interest in the purchase, and assurances from seventy-eight banks and other institutions are also on the table. Many of the bidders' teams have already arrived in Zurich, anticipating the submission of the proposal's final outlines. The offer amount is now estimated to be about $10 billion, but with so many contenders in the mix, it might potentially reach to $13 billion. Ambuja Cements has a 31.45 million tonne per annum (mtpa) installed capacity, with the retail segment accounting for over 80% of sales. ACC, for its part, has a cement manufacturing capacity of 34.45 mtpa, bringing the overall production capacity of these enterprises to 65.9 mtpa. JSW Group planned to boost its installed capacity to 25 mtpa by FY24, from 16 mtpa at the end of March. If the deal goes through, the group would become the country's second largest cement producer, with a total capacity of 81.9 mtpa. The same is for Adani Group, which does not have a cement business but is reported to be exploring into it. Holcim owns 63.1% of Ambuja Cements and 4.48% of ACC, whereas Ambuja, Holcim's flagship firm in India, owns 50.05% of ACC. Ambuja Cements has a market capitalization of Rs 76,159.42 crore, whereas ACC has a market capitalization of Rs 44,672.71 crore. The combined market capitalization of the two firms is Rs 1.21 trillion. If signed, the agreement would be one of the country's largest. With a manufacturing capacity of 550 mtpa, India is the world's second-largest cement manufacturer, accounting for around 8% of global cement output. Image Source Also read: ACC-Ambuja: Know about the cement industry’s most anticipated bidding

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?