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.

Updated on: Jun 13, 2024, 11:54:27 IST

By HT News Desk

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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.

Adani group chairman Gautam Adani. (ANI)

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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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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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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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