Orient Cement Ambuja Cement: Ambuja Cement, part of the Adani Group, announced its acquisition of a 46.8% stake in Orient Cement for ₹8,100 crore. The acquisition aims to boost Ambuja’s cement capacity and expand its market presence. Ambuja will also make an open offer to acquire an additional 26% stake at ₹395 per share, completing the deal within 3-4 months.

This move is part of Ambuja’s strategy to increase its cement capacity to 100 MTPA by FY25. The deal strengthens Ambuja’s presence in key markets, particularly in South and West India, and enhances its overall market share. The acquisition also includes Orient Cement’s high-quality limestone reserves, offering significant future growth potential.

Karan Adani, Director of Ambuja Cement, emphasized that Orient Cement’s strategic assets will help propel the company’s accelerated growth.

This acquisition marks another step in Adani Group’s cement expansion following its entry into the sector in 2022 by acquiring Ambuja Cement and ACC from Holcim.

With this deal, Ambuja is poised to compete more aggressively in India’s cement industry, solidifying its position as one of the country’s largest cement producers.