Ambuja Cements Board Approves ACC and Orient Cement Merger

Ambuja Cements, a part of the Adani Group, will merge ACC and Orient Cement after getting board approval. This move will create a single One Cement Platform, bringing together three well-known Indian cement brands under one company.

Ambuja Cements wants to increase how much cement they produce from 107 MTPA to 155 MTPA by 2028, which should make them a stronger competitor in the Indian cement market.

Key Highlights

• Ambuja Cements merges ACC and Orient Cement.
• Capacity to rise from 107 MTPA to 155 MTPA.
• Merger promotes ESG and sustainable cement practices.

This also means they can follow a single set of environmental, social, and governance guidelines, which means using greener practices, using renewable energy, and creating cement that produces less carbon. By combining ACC, Orient, Penna, and Sanghi under Ambuja Cements, the company structure is easier to understand, decisions can be made faster, and overall costs go down.

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The value of the merger was checked by GT Valuation Advisors and BDO Valuation Advisory, who are independent valuers. IDBI Capital Markets and SBI Capital Markets also looked at whether the deal was fair. Legal advice was given by Cyril Amarchand Mangaldas and Singhi & Co.

Karan Adani, Non-Executive Director at Ambuja Cements, said that bringing Ambuja Cements, ACC, and Orient Cement together is a big step in creating a cement and building materials business that can compete globally. He added that it will improve how they operate, speed up growth, and create lasting value.

This merger is a big deal for the cement industry in India. It strengthens Ambuja Cements' place as a leader in the market while making things more and sustainable.