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Adani Ambuja Cement take over Cement Maker Sanghi Industries

Adani Ambuja Cement take over Cement Maker Sanghi Industries

In an announcement on Ambuja Cement, a part of Adani Group, today announced its acquisition of Sanghi Industries at an enterprise value of ? 5,000 crore. Soon after the acquisition, Adani Group chairman Gautam Adani said Ambuja Cement's promise to double its cement capacity by 2028 is on track.

"Promise to double our cement capacity by 2028 on track. Delighted to announce the addition of @CementSanghi, India's most efficient / lowest cost clinker manufacturer to Adani's portfolio. As part of @AmbujaCementACL, Sanghi Cement (in our karmabhoomi Kutch) significantly leverage our coastal shipping (+ energy/logistics) advantages. Sanghipuram cement capacity to double to 15 MTPA," he posted on X Twitter.

Adani Ambuja Cement take over Cement Maker Sanghi Industries

Adani Ambuja Cement take over Cement Maker Sanghi Industries

In an announcement on Ambuja Cement, a part of Adani Group, today announced its acquisition of Sanghi Industries at an enterprise value of ? 5,000 crore. Soon after the acquisition, Adani Group chairman Gautam Adani said Ambuja Cement's promise to double its cement capacity by 2028 is on track.

"Promise to double our cement capacity by 2028 on track. Delighted to announce the addition of @CementSanghi, India's most efficient / lowest cost clinker manufacturer to Adani's portfolio. As part of @AmbujaCementACL, Sanghi Cement (in our karmabhoomi Kutch) significantly leverage our coastal shipping (+ energy/logistics) advantages. Sanghipuram cement capacity to double to 15 MTPA," he posted on X Twitter.

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