Adani Group’s Ambuja Cements Ltd has announced its decision to acquire a 46.8% stake in Orient Cement Ltd at an equity valuation of Rs 8,100 crore, translating to Rs 395.40 per share. The transaction will be entirely funded through internal accruals and includes an operational cement capacity of 8.5 million tonnes per annum (MTPA). Additionally, it features 8.1 MTPA of ready-to-execute projects and a high-quality limestone mine located in Chittorgarh, Rajasthan, which has the potential to support an additional 6.0 MTPA of cement capacity in North India.
With this acquisition, Ambuja Cements aims to increase its operational capacity to 97.4 MTPA, with plans to reach over 100 MTPA by March 2025. The company stated that this investment enhances its presence in the core markets of South and West India, anticipating a 2% improvement in its pan-India market share.
