Business

8 months ago

Adani Cement's Acquisition of Sanghi Industries to Create Cement Behemoth

Adani (symbolic picture)
Adani (symbolic picture)

 

IIE Digital Desk : Adani Group's flagship cement company, Ambuja Cement, has acquired Sanghi Industries in a deal worth Rs 4,200 crore. The acquisition will help Ambuja Cement to become the second-largest cement producer in India, with a capacity of 41.5 million tonnes per annum. Sanghi Industries is a leading cement producer in the western region of India, with a capacity of 10.8 million tonnes per annum. The company has a strong brand presence in Gujarat, Maharashtra, and Goa.

The acquisition will help Ambuja Cement to expand its reach in these regions and to become a more competitive player in the Indian cement market. The deal is also in line with Adani Group's strategy of acquiring assets in the infrastructure sector.


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