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The Adani family has made a significant investment in Ambuja Cements, injecting ₹8,339 crore into the company and increasing their stake to 70.3%. This move marks a substantial commitment to the cement sector by one of India’s leading business conglomerates.
In 2022, the Adani group entered the cement industry with a monumental deal worth USD 10.5 billion, acquiring Ambuja Cements and ACC from Swiss giant Holcim. Since then, they have been actively investing in Ambuja Cements, with recent infusions totaling ₹20,000 crore. This includes the latest injection of ₹8,339 crore, following previous investments of ₹5,000 crore in October 2022 and ₹6,661 crore in March 2024.
Ajay Kapur, the Whole Time Director and CEO of Ambuja Cements Ltd., expressed excitement about the completion of the Adani family’s primary infusion. He highlighted that this influx of capital provides Ambuja with flexibility for accelerated growth, capital management initiatives, and a strengthened balance sheet.
The Adani group’s strategic investment in Ambuja Cements is part of their broader vision to capture a significant portion of the Indian cement market. With Prime Minister Narendra Modi’s emphasis on infrastructure modernization and the growing demand for real estate in India, cement has become a crucial resource.
The Adani group’s ambition is evident in their target to capture approximately one-fifth of the Indian cement market by FY28. They aim to leverage growth opportunities in the building materials industry, which is expected to see a Compound Annual Growth Rate (CAGR) of 7 to 8 per cent.
This investment also underscores the Adani family’s confidence in Ambuja Cements’ prospects and their commitment to supporting the company’s expansion and development initiatives. It reflects a broader trend of major players in India’s business landscape strategically positioning themselves in key sectors to capitalize on growth opportunities and contribute to the country’s economic advancement.
Sources By Agencies
