NCLT Approves Adani Cementation Merger with Ambuja Cements

22 Jul 2025 CW Team

This consolidation includes project sites, licences, and ongoing developments, all of which will now be managed directly by Ambuja.

As part of the merger, Adani Enterprises will receive 8.7 million equity shares of Ambuja Cements, reflecting the share swap agreed in the group’s internal restructuring announced in June last year.

The tribunal confirmed that no further agreements or approvals are necessary to complete the transfer, with all existing rights and obligations of Adani Cementation automatically transferring to Ambuja.

Ambuja must comply with regulations set by market regulator SEBI and relevant stock exchanges including BSE, NSE, and the Luxembourg Stock Exchange, where its global depository receipts are listed.

Company officials noted the merger will reduce duplicate processes and improve coordination across business units, granting Ambuja access to additional resources without further regulatory hurdles.

A key advantage is Ambuja’s ability to begin work immediately at Adani Cementation’s existing project sites. These include large limestone reserves in Lakhpat, Gujarat, estimated at 275 million tonnes, and a planned cement facility at Raigad, Maharashtra.

Ambuja Cements has been expanding rapidly, crossing 100 million tonnes of production capacity last financial year. The company targets growth to 118 million tonnes by FY26 and 140 million tonnes by FY28, mostly through brownfield projects.

The Adani Group entered the cement sector in 2022 by acquiring Holcim’s stakes in Ambuja and ACC for Rs 532 billion (6.4 billion dollars). Since then, Ambuja has acquired regional players such as Penna Cement, Sanghi Industries, and most recently Orient Cement.

With these expansions, Adani has become India’s second-largest cement manufacturer. UltraTech Cement, part of the Aditya Birla Group, remains the market leader with a total capacity exceeding 192 million tonnes.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

The National Company Law Tribunal (NCLT) has approved the merger of Adani Cementation into Ambuja Cements, clearing the way for the Adani Group to streamline its cement operations under a single entity. The Ahmedabad bench passed the order on 18 July, allowing Ambuja Cements to absorb all assets, operations, and liabilities of Adani Cementation effective from 1 April 2024.This consolidation includes project sites, licences, and ongoing developments, all of which will now be managed directly by Ambuja.As part of the merger, Adani Enterprises will receive 8.7 million equity shares of Ambuja Cements, reflecting the share swap agreed in the group’s internal restructuring announced in June last year.The tribunal confirmed that no further agreements or approvals are necessary to complete the transfer, with all existing rights and obligations of Adani Cementation automatically transferring to Ambuja.Ambuja must comply with regulations set by market regulator SEBI and relevant stock exchanges including BSE, NSE, and the Luxembourg Stock Exchange, where its global depository receipts are listed.Company officials noted the merger will reduce duplicate processes and improve coordination across business units, granting Ambuja access to additional resources without further regulatory hurdles.A key advantage is Ambuja’s ability to begin work immediately at Adani Cementation’s existing project sites. These include large limestone reserves in Lakhpat, Gujarat, estimated at 275 million tonnes, and a planned cement facility at Raigad, Maharashtra.Ambuja Cements has been expanding rapidly, crossing 100 million tonnes of production capacity last financial year. The company targets growth to 118 million tonnes by FY26 and 140 million tonnes by FY28, mostly through brownfield projects.The Adani Group entered the cement sector in 2022 by acquiring Holcim’s stakes in Ambuja and ACC for Rs 532 billion (6.4 billion dollars). Since then, Ambuja has acquired regional players such as Penna Cement, Sanghi Industries, and most recently Orient Cement.With these expansions, Adani has become India’s second-largest cement manufacturer. UltraTech Cement, part of the Aditya Birla Group, remains the market leader with a total capacity exceeding 192 million tonnes.

Real Estate

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Infrastructure Transport

01 Sep 2025

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

Infrastructure Energy

01 Sep 2025

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..