Billionaire Gautam Adani's Ambuja Cements agreed to buy a 47% stake in Orient Cement in a deal valued at $963 million, stepping up acquisitions amid intensifying rivalry with tycoon Kumar Mangalam ...
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Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.
Orient’s “strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term,” Karan Adani ...
increasing capacity by 30 MTPA within two years of Ambuja’s acquisition,” said Karan Adani, Director of Ambuja Cements. “By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity ...
The round also saw participation from Blume Ventures, DST Global, Gruhas, Quona VC, Flipkart cofounder Binny Bansal, Dream11 ...
“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,” said ...
increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition,” said Karan Adani, Director of Ambuja Cements. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement ...
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,” said Karan Adani, ...
The acquisition will help to expand Adani Cements' presence in core markets and improve its pan-India market share by 2 per cent,” Karan Adani added. OCL has 5.6 MTPA clinker capacity and 8.5 ...