November 6, 2024
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Ambuja Cements to Acquire Orient Cement in ₹8,100 Crore Deal, Boosting Market Presence

Ambuja Cements, part of the Adani Group, announced its acquisition of Orient Cement Ltd (OCL) in an ₹8,100 crore deal. Ambuja acquired 46.8% of OCL from its promoters and public shareholders. The acquisition, fully funded through internal accruals, will strengthen Ambuja’s cement production and market presence while reducing logistics costs and lead distances.

With this acquisition, Ambuja Cements is set to reach 100 million tonnes per annum (MTPA) cement capacity by FY25, marking a major step in its growth trajectory. Karan Adani, Director of Ambuja Cements, highlighted that the move will expand the company’s pan-India market share by 2% and add significant production capacity, including OCL’s 8.5 MTPA cement and 5.6 MTPA clinker capabilities.

OCL’s assets, including strategic locations, efficient infrastructure, and renewable energy resources, complement Ambuja’s existing operations. The deal also positions Ambuja to tap into high-quality limestone reserves and expand its capacity with planned clinker and grinding units in North India.

Pic Courtesy: google/ images are subject to copyright

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