India

Ambuja Cements To Buy Penna Cement Industries For 10,422 Crore

Ambuja Cements, a part of the Adani Group, has agreed to buy Penna Cement Industries Ltd (PCIL) for Rs. 10,422 crore. This move helps Ambuja reach its goal of having 140 million tons per annum (MTPA) capacity by 2028. PCIL has 14 MTPA capacity across Andhra Pradesh, Telangana, and Rajasthan (where it’s still being built). There’s extra material at the Jodhpur plant that will allow for 3 MTPA more cement grinding.

This deal also helps Adani Cement’s shipping. They now have five more places to move cement, making it easier to reach places like Kolkata, Gopalpur, Karaikal, Kochi, and Colombo. This means Adani Cement will have a bigger share of the market in India, especially in the south.

Ambuja plans to pay for this deal using its own money. Mr. Ajay Kapur, Ambuja’s CEO, says this deal helps Ambuja grow and reach more customers. PCIL has 14 MTPA capacity, with 10 MTPA already working. The rest will be ready in 6 to 12 months. Most of PCIL’s plants have railways nearby, and some have their own power systems. Also, extra material at the Jodhpur plant means they can make even more cement.

This deal also helps Ambuja’s dealers. They will now be part of Adani Cement’s network, which means they can reach more customers.

Ambuja Cements is a big name in India’s cement world and part of the Adani Group. With its partners, ACC Ltd. and Sanghi Industries Ltd., it has almost 79 MTPA capacity across India. Ambuja is known for its trustworthy brand and efforts to protect the environment. They’ve made many smart moves to make sure their products are eco-friendly. They’ve even been recognized for their efforts in making business more inclusive and sustainable.

Also Read: NSA Ajit Doval And Principal Secretary P.K. Mishra To Continue Their Tenure

Shibra Arshad

Recent Posts

Pakistan’s Digital Frontline: Jokes, Memes And Savage Self-Roasts

While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…

7 hours ago

Reliance Industries Q4 Net Profit Rises 6.4% As Retail And Digital Units Offset Energy Weakness

Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…

7 hours ago

Yash Pratap Singh And Mehak Jaiswal Top UP Board Exams With Outstanding Scores

Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…

7 hours ago

Yogi Adityanath Calls For Reforms To Make Madrasa Education Modern And Employment-Oriented

Chief Minister Yogi Adityanath on Friday emphasised the need for sweeping reforms in the madrasa…

8 hours ago

Tulsi Gabbard Backs India’s Hunt For Pahalgam Terror Attack Perpetrators

United States Director of National Intelligence (DNI) Tulsi Gabbard on Friday expressed strong support for…

9 hours ago

World Leaders Head To Rome For funeral Of Pope Francis

Indian President Droupadi Murmu will also attend, representing India alongside Union Minister Kiren Rijiju, Minister…

10 hours ago