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Ambuja Cements Limited Board approves amalgamation of ACC Limited and Orie
Updated : 5 months, 2 weeks ago IST
In a significant development for India's cement sector, Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated 'One Cemen
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Adani acquires orient cement at Rs 8,100 cr to achieve 100+ MTPA operation
Updated : 1 year, 7 months ago IST
The acquisition, valued at an equity worth of Rs 8,100 crore, marks a step towards Ambuja's goal of achieving 140 MTPA cement capacity by 2028. The deal will be fully funded through Ambuja's internal accruals, maintaining the company's debt-free status.
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