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Tag: Ambuja Cements

  • Ambuja Cements seals CCI nod for game-changing Orient Cement buyout

    Ambuja Cements seals CCI nod for game-changing Orient Cement buyout

    MUMBAI: Adani-backed Ambuja Cements Ltd, one of India’s top cement makers, has laid the groundwork by securing the Competition Commission of India’s (CCI) approval for its acquisition of Orient Cement Ltd. With this regulatory nod, Ambuja is all set to mortar its dominance, brick by brick, as it paves the way for an industry power move that will set its expansion strategy in concrete.

    The deal, originally announced on 22 October 2024, involves a major takeover through a share purchase agreement. Ambuja Cements will acquire 7,76,49,413 equity shares, which make up 37.90 per cent of Orient Cement’s existing share capital. An additional purchase of 1,82,23,750 equity shares (8.90 per cent stake) will further bolster its holdings.

    But that’s not all—Ambuja is also rolling out an open offer to acquire up to 5,34,19,567 equity shares, representing 26 per cent of Orient Cement’s expanded share capital. The deal values the open offer at Rs 395.40 per share, putting serious weight behind Ambuja’s aggressive acquisition strategy.

    The green light from CCI came on 4 March 2025, with the regulator granting unconditional approval under Section 31(1) of the Competition Act, 2002. With no regulatory roadblocks, the cement giant is now positioned to finalise the transaction and accelerate its growth momentum.

    Ambuja Cements continues to make bold moves in the infrastructure and building materials sector. By bringing Orient Cement into its fold, Ambuja aims to boost its market presence and production capacity, cementing (pun intended) its leadership in India’s competitive cement industry.

    This strategic acquisition reinforces Ambuja’s commitment to expansion and efficiency. With regulatory hurdles cleared, the focus now shifts to execution—expect Ambuja to lay a stronger foundation for growth in the coming months.

  • Adani acquires Orient Cement for Rs 8,100 crore to boost cement capacity

    Adani acquires Orient Cement for Rs 8,100 crore to boost cement capacity

    Mumbai: Ambuja Cements, part of the Adani Group, announces the acquisition of Orient Cement Ltd. (OCL)  at an equity value of Rs 8,100 crore, marking a significant step towards its goal of 100+ MTPA operational capacity by FY25. The deal involves the purchase of a 46.8 per cent stake in OCL, enhancing Ambuja’s presence in the Indian cement market while expanding its sustainability footprint.  

    The acquisition adds 16.6 MTPA of capacity (8.5 MTPA operational and 8.1 MTPA ready for execution), strengthening Ambuja’s competitive edge in core markets and increasing pan-India market share by 2 per cent. OCL’s strategic assets, including 5.6 MTPA clinker capacity, efficient plants, and renewable energy initiatives, complement Adani Group’s existing cement footprint.  

    Ambuja Cements director, Karan Adani commented, “This timed acquisition marks another significant step forward in Ambuja Cements’ accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25. The acquisition will help to expand Adani Cement’s presence in core markets and improve its pan-India market share by 2 per cent. OCL’s assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS, and AFR facilities. OCL’s strategic locations, high-quality limestone reserves, and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA.”  

    Strategic Advantages and Expansion Plans  

    – Enhanced Capacity and Market Reach: The acquisition provides potential for 6 MTPA additional capacity in North India, leveraging OCL’s high-quality limestone reserves in Chittorgarh, Rajasthan.  

    – Sustainability Initiatives: OCL recently commissioned a Waste Heat Recovery System (WHRS) in Chittapur, with plans to finalise 16 MW solar capacity at the same location and 3.7 MW solar in Jalgaon.  

    – Operational Efficiency and Logistics: OCL’s assets, including 95 MW Captive Power Plants (CPP) and railway sidings, will reduce lead distances and logistics costs.  

    Orient Cement, chairman, CK Birla said, “The CK Birla Group is continuously reallocating capital to sharpen its focus on consumer-centric, technology-driven, and service-based businesses. We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders.”  

    With a focus on capacity optimisation, Ambuja aims to improve OCL’s cost efficiency and operating performance while leveraging synergies with its existing cement operations.  

  • Ambuja Cements, ACC to power eighth edition of the Adani Ahmedabad Marathon

    Ambuja Cements, ACC to power eighth edition of the Adani Ahmedabad Marathon

    Mumbai: Adani Sportsline has announced that the highly anticipated eighth edition of the Adani Ahmedabad Marathon is going to be powered by Ambuja Cements and ACC, the cement and building material companies of the Adani portfolio. This partnership highlights a fusion of strength, reliability, legacy, and trust aligning seamlessly with the values and spirit of the marathon.

    The Adani Ahmedabad Marathon, to take place on 24 November 2024, aims to inspire thousands of participants to push their limits and achieve personal milestones. With Ambuja Cements and ACC joining as principal sponsors, the event will ensure an unparalleled experience, reinforcing the marathon’s stature as one of India’s premier athletic runs.

    This year’s marathon will begin and end at the picturesque Sabarmati Riverfront and the Bib Expo for the participants will be held at the Sabarmati Riverfront Sports Park, which boasts of state-of-the-art sporting facilities. Participants can choose from four categories: the full marathon (42.195 km), the half marathon (21.097 km), the 10 km run, and the 5 km run.

    The Adani Ahmedabad Marathon is certified by the Association of International Marathons and Distance Races. In 2023, the marathon introduced a new course, and this will be the second time it takes place on this scenic route. The track, which spans the city, includes iconic locations such as the Atal Bridge, Gandhi Ashram, and Ellis Bridge. The seventh edition of the Adani Ahmedabad Marathon saw over 22,000 participants. The marathon kicked off the journey in 2017 in Shantigram, and is currently going strong in its eighth edition.

    The partnership between Adani Sportsline, Ambuja Cements, and ACC goes beyond this sponsorship; it represents a celebration of mutual values and a dedication to promoting health and community. By joining forces with two of India’s most esteemed cement brands, the marathon highlights the significance of a strong foundation — both in construction and in personal development.

    Adani Group CEO – cement business, Ajay Kapur said, “We are pleased to announce our association with the Adani Ahmedabad Marathon. This collaboration reflects our shared values of resilience, sustainability, and community empowerment. Just as our innovative construction solutions aim to build a stronger, more sustainable India, the Adani Ahmedabad Marathon inspires individuals to push their limits and cultivate a healthier, more united nation. Sports play a pivotal role in nation-building by promoting teamwork, dedication, and a spirit of perseverance. Together, we are going beyond constructing buildings and contributing to the foundation of a robust and vibrant society.”

  • Ambuja Cements’ Hospital innovates rural healthcare

    Ambuja Cements’ Hospital innovates rural healthcare

    Mumbai: Ambuja Cements, the cement and building material company of the diversified Adani Group, has gone beyond its traditional role of constructing buildings to actively contribute to community development in a significant manner. An exemplary instance of this commitment is evident through Ambujanagar Multispecialty Hospital (AMH), where a remarkable case involving the treatment of multiple abnormally sized fibroids in a patient was successfully undertaken.

    Kailashben Kachadiya, a 45-year-old woman, sought medical attention at the gynaecology outpatient department of Ambujanagar Multispecialty Hospital, Gujarat, with complaints of lower abdominal pain and a sense of heaviness. A subsequent ultrasound examination revealed a complex and atypical medical condition characterised by multiple fibroids, including a substantial fundal fibroid. These findings indicated an abnormal enlargement of the uterus, comparable to that observed in a woman seven months into the pregnancy, leading to considerable discomfort and pain for Kachadiya. Under the meticulous care of gynaecologist Dr Hetal Gohil and with the unwavering support of the entire operating theatre staff, the surgical procedure was executed successfully by leveraging the expertise of the AMH medical team.

    Ambuja Cements commends the unwavering commitment of Ambujanagar Multispecialty Hospital’s doctors and staff in effectively managing an extraordinary case highlighting the significance of accessible healthcare in rural communities where specialised medical intervention and the overall well-being of the community seamlessly converge. This, in turn, has also led to the multispecialty hospital becoming the beacon of hope for the local population seeking top-notch medical care, eliminating the need for arduous journeys and costly accommodations.

    Ambuja Cements proudly embraces its role in fostering community development that extends beyond construction. Its ongoing efforts continue to enrich lives and make a positive impact through healthcare accessibility. This initiative stands as a testament to the brand’s unwavering dedication to comprehensive advancement and the sustainable growth of the communities it serves.