Ambuja has explained that this investment aims to expand the company’s footprint by 8.5 MTPA in the key markets of South and West India.
Adani Group’s Ambuja Cements Ltd announced on Tuesday its plan to acquire 46.8% of Orient Cement Ltd’s shares at an equity value of Rs 8,100 crore, equivalent to Rs 395.40 per share. The transaction will be funded entirely through internal accruals and encompasses an operational cement capacity of 8.5 MTPA, along with 8.1 MTPA of projects ready for execution. Furthermore, the company highlighted the presence of a high-quality limestone mine in Chittorgarh (Rajasthan) that could support an additional 6.0 MTPA of cement capacity in North India, as stated in a filing with the exchange led by Gautam Adani.
