Gautam Adani acquires Ambuja and ACC in a $10.5-billion
Gautam Adani is planning to make a foray into the cement sector. The business magnate will now make cement by taking over Ambuja and ACC Cement. This move is likely to give Adani a stronghold in the Indian cement market.
Adani is known for his business acumen and this move is likely to be a game-changer in the cement sector.
The Ambuja and ACC Cement deal will give Adani a combined market share of 10 percent. This is a significant increase from the current 2 percent market share that Adani holds.
The acquisition will also help Adani reduce his dependence on coal. Cement is a key ingredient in the construction sector and with India’s infrastructure development plans, the demand for cement is set to increase.
The acquisition of Ambuja and ACC Cement will also give Adani a manufacturing base in South India. Currently, most of Adani’s operations are concentrated in North India.
This is a big move by Adani and it is likely to have a significant impact on the cement sector in India.
About Adani Group
The Adani group is an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat, India.
It was founded by Indian successful entrepreneur, Gautam Adani in 1988 as a commodity trading business with the flagship company, Adani Enterprises Limited (formerly Adani Exports Limited).
The Group’s diverse businesses include power generation, coal mining and trading, oil and gas exploration, ports and logistics, edible oil processing, agriculture, and defense. The group has a presence in more than 50 countries across six continents.
Adani is one of India’s leading business houses with revenues of over $12 billion. It is also one of the country’s fastest-growing companies with a compound annual growth rate (CAGR) of over 30% over the last 10 years.
The group has a market capitalization of over $50 billion and is one of the most valued companies in India.
Adani’s power business is one of the largest in India with an installed capacity of over 10,000 MW. The company also has a thermal coal mine in Indonesia with an annual capacity of over 50 million tonnes.
Adani Ports & SEZ
Adani Ports & SEZ is India’s largest private port developer and operator with a portfolio of 10 operating ports and terminals. The company also has a presence in the logistics sector with a network of over 1,600 locations across India.
Adani Wilmar is one of India’s leading FMCG companies with brands such as Fortune, Aashirvaad, and Nycil. The company has a turnover of over $2 billion and is present in over 20 countries.
The Adani group is also one of the largest developers of solar power projects in India with a portfolio of over 1,000 MW. The company has plans to increase this to over 10,000 MW by 2022.
In 2016, the Adani group announced an investment of $22 billion in Australia over the next 10 years. This is one of the largest foreign investments by an Indian company in Australia. The Adani group is also one of the largest employers in India with a workforce of over 60,000 people.
Adani Group News
- Adani Wilmar acquires Kohinoor Basmati Rice Brand From McCormick to Strengthen Leadership in Basmati Rice Business
- Adani Wilmar’s Fortune SuPoshan project boosts nutrition levels among thousands of children
- Adani Wilmar Limited has signed Sourav Ganguly for its new TV Commercial (TVC) of Fortune Soya Badi
- Gautam Adani announced a Rs 100 crore contribution to PM Fund to fight coronavirus
- Patanjali, Adani, and Emami to Gain from Ban on Malaysian Palm Oil Imports from Malaysia
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