Adani Group plans major cement acquisitions with $3 billion investment: Report

The Adani Group is reportedly exploring acquisition of several cement companies. On Gautam Adani's radar is Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement, cement business of Jaiprakash Associates and ABG Shipyard owned Vadraj Cement, as per a report in the Economic Times.

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Adani Group is also focussing aggressively on surpassing Aditya Birla Group’s UltraTech to become India’s largest cement manufacturer within the next three to four years, the report added.

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Adani Group plans major cement acquisitions with $3 billion investment: Report

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More from HT

Adani Group plans major cement acquisitions with $3 billion investment: Report

Adani Group is also focussing aggressively on surpassing Aditya Birla Group’s UltraTech to become India’s largest cement manufacturer.

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