+
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 Transport

Rs 19.5 Billion Meerut–Nazibabad Rail Electrification Complete

The Rs 19.5 billion railway electrification of the Meerut–Nazibabad section has been completed, marking a major step towards improving connectivity in northern India. The project covers 132 kilometres of track and is expected to enhance operational efficiency while reducing travel time and fuel costs.Officials from the Ministry of Railways said the electrification will enable faster, more reliable train services and contribute to reduced carbon emissions. The initiative aligns with the government’s broader goal of achieving 100 per cent electrification of India’s railway network by 2030...

Next Story
Infrastructure Urban

AU Small Finance Bank Secures RBI Approval For Universal Bank

AU Small Finance Bank has received approval from the Reserve Bank of India (RBI) to transition into a universal bank. The move will allow the Jaipur-based lender to expand its range of financial services and compete directly with larger commercial banks.Founded in 1996 as a non-banking finance company, AU Small Finance Bank became a small finance bank in 2017. The transition to a universal bank will enable it to offer a broader portfolio, including enhanced corporate banking, treasury operations, and new retail products.Managing Director and CEO Sanjay Agarwal said the approval marks a signifi..

Next Story
Building Material

India Cements Q1 Loss Narrows To Rs 276 Million On Higher Sales

India Cements Ltd has reported a consolidated net loss of Rs 276 million for the quarter ended June 2025, narrowing from a loss of Rs 831 million a year earlier. Consolidated revenue from operations rose 20 per cent year-on-year to Rs 17.9 billion from Rs 14.9 billion.The company attributed the improvement to higher sales volumes and better price realisations, which offset some of the impact of elevated fuel and raw material costs. EBITDA turned positive at Rs 1.1 billion, compared with a loss in the same period last year.Vice Chairman and Managing Director N. Srinivasan said the company will ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?