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.
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