Concrete

Adani’s Ambuja to acquire 46.8% stake in Orient Cement

Acquiring the C K Birla-owned company will help Ambuja in achieving targeted capacity of 100 mn t.

Published

8 months ago

October 25, 2024

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The Adani group’s Ambuja Cements on Tuesday announced its third acquisition of the ongoing financial year, with a binding agreement to acquire a 46.8% stake in the C K Birla family-owned Orient Cement Limited (OCL) for an equity value of Rs 810 billion.
The deal, set to trigger an open offer, will push the Adani group’s cement capacity to 97.4 million tonnes per annum (mtpa) but still behind India’s largest producer, UltraTech Cement, which has a capacity of 150.7 mtpa.
To meet market regulations, Ambuja Cements will make an open offer at Rs 395.40 per share to the public shareholders of OCL. The company, it said, plans to acquire 37.90 % from OCL’s promoters and another 8.90 % from other shareholders under the share purchase agreement. In addition, a further 26 % stake in the expanded share capital pursuant to the open offer. Orient Cement, in Tuesday’s trade, closed at Rs 343.40 per share, down 2.5 percent.

Related Topics:Ambuja Cements C K Birla Orient Cement

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Ambuja Cements Acquires Orient Cement

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Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

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Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

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4 days ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.