Ambuja Cements Completes Acquisition of Sanghi Industries
Ambuja Cements, part of the Adani Group, has concluded the acquisition of Sanghi Industries at an enterprise value of Rs 5,185 crore. Funded entirely through internal accruals, Ambuja Cements now holds a controlling stake of 54.51% in Sanghi Industries, elevating the consolidated capacity to 74.6 MTPA from 68.5 MTPA. The acquisition, executed through a trade, strengthens Ambuja Cements' strategic coastal approach, aiming to increase cement capacity to 15 MTPA along the West Coast. Sanghi Industries provides immediate opportunities for low-cost debottlenecking, expansion of clinker and cement capacity, and potential for green power generation, including additional WHRS and Solar/Wind power capabilities.
📅Published on:
06 December 2023
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