NCLT Approves Adani Cementation Merger with Ambuja Cements
Cement

NCLT Approves Adani Cementation Merger with Ambuja Cements

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.

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.

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App