Adani enters the cement business, acquires stakes in Ambuja Cements and ACC
Materials
Giving a push to the cement business in India, Adani has recently acquired 63.15% stake in Ambuja Cements Ltd. and 56.69% stake in ACC Ltd (Of which 50.05% is held through Ambuja Cements). Adani with its brands Ambuja Cements and ACC are the second largest cement manufacturer in India.
Ambuja Cements Ltd. and ACC Ltd. are among the most trustworthy building material brands in India. Their combined footprint includes 18 integrated units, 19 grinding units, 82+ ready-mix concrete plants and over 1,00,000 channel partners across India. Ambuja Cements Ltd., ACC Ltd. and Sanghi Industries Ltd. are publicly listed companies on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Through its cement business, Adani is carving out a new pillar of growth for the nation. It is a strategic move as Adani has been working on renewable power generation capabilities such as heat recovery systems, which have successfully minimised the effects of carbon emission. Consequently, Adani has embarked upon the road to harnessing green energy in the cement industry by upholding the ethics of sustainability.