After completing a $6.5 bn acquisition of Ambuja Cements and ACC, billionaire Gautam Adani has announced plans to double cement manufacturing capacity and become the country's most profitable manufacturer. He has predicted a multifold increase in cement demand in India as a result of the country's record-breaking economic growth and the government's infrastructure building push, which will result in significant margin expansion. Adani Group recently completed the buyout of Swiss major Holcim’s stake in the two firms, and the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country.
Contact: Adani Group
Mob: 079-2656 5555
Website: www.adanienterprises.com
