Image Credit source: Gautam Adani Twitter
This is the biggest acquisition till date by Adani Group. Apart from this, this is India’s biggest acquisition till date in the infrastructure sector.
richest man in asia gautam adani ,Gautam Adani) of the Adani Group has won the bid to acquire the Indian business of the world’s largest cement company Holcim Group. With the winning of the bid, the business of Ambuja Cement and ACC will be owned by the Adani Group. The deal was done for Rs 81361.30 crore ($10.5 billion). Switzerland’s Holcim Group holds 63.1 per cent and 54.53 per cent stake in cement companies Ambuja Cements and ACC, respectively. Let us tell you that there was a race between Adani Group and Jindal Group to buy Ambuja and ACC. On the other hand, UltraTech Cement lagged behind in this race due to technical reasons.
This is the biggest acquisition till date by the Adani Group. Apart from this, it is believed to be India’s biggest acquisition so far in the infrastructure sector. Adani Group will benefit from the acquisition of these two companies of Holcim Group. Both the companies have a capacity of 64 million metric tonnes. Holcim has a company presence in 70 countries across 5 continents.
64 Million Metric Tonne Capacity
Ambuja Cement & SCC is the country’s second and third largest company in the Indian cement market. Established in 1983, Ambuja has a cement capacity of 31 million metric tonnes. The total capacity with both the companies will be 64 million metric tonnes. It has six antiaggregated manufacturing plants and eight cement grinding units in India. Its subsidiaries include ACC Limited, which is also publicly traded.
Our belief in the India story is unshakeable. Combining @Holcim‘s cement assets in India with our green energy and logistics will make us the world’s greenest cement company. Jan Jenisch has been terrific to work with. We welcome the @AmbujaCementACL , @ACCLlimited teams. pic.twitter.com/iThyLp92iV
— Gautam Adani (@gautam_adani) May 15, 2022
Ultratech country’s largest cement company
Aditya Birla Group’s Ultratech Cement is the largest company in the Indian cement market. UltraTech Cement has an annual capacity of 119 million metric tonnes. After this the name of Ambuja Cement and SCC comes.