Adani group has reportedly expressed interest in acquiring a cement plant from Jaiprakash Associates, located in Karnataka with a capacity of 1.2Mt per year. The plant is reportedly in the middle of an as yet incomplete deal between Jaiprakash Associates’ and Dalmia Bharath for a value of US$671mn for a transfer of the former’s cement and power plants.
It has also been reported that Adani Group is in talks with several companies over possible acquisitions as a means to double its cement producing capacity to 140mt per year by the end of 2028.