The Adani Group, led by billionaire Gautam Adani, has announced its acquisition of Orient Cement, a subsidiary of the CK Birla Group, for ₹8,100 crore as part of its expansion strategy. Ambuja Cements, which is a key player in the cement sector and part of the diversified Adani Group, has finalized a binding agreement for the acquisition, which involves purchasing 46.8% of Orient Cement Ltd (OCL) shares from its current promoters and other public shareholders. This acquisition will be financed entirely through internal funds.
With this move, Adani Cement will enhance its capacity by 16.6 million tonnes per annum (MTPA). Earlier this year, the group also acquired Penna Cement for ₹10,422 crore, adding another 14 MTPA to its production capabilities.
Karan Adani, Director of Ambuja Cements, emphasized that this acquisition marks a significant advancement in Ambuja’s growth trajectory, boosting its cement capacity by approximately 30 MTPA within two years of Ambuja’s own acquisition. He noted that by integrating OCL, Ambuja is on track to achieve a total cement capacity of 100 MTPA by FY25, which will enhance Adani Cement’s market share across key regions by an additional 2%.
Orient Cement currently has a clinker capacity of 5.6 MTPA and a cement capacity of 8.5 MTPA, with the necessary approvals to expand its clinker capacity by another 6 MTPA and its cement capacity by 8.1 MTPA.
Ambuja Cements, a leading cement manufacturer in India, is known for its high-quality products and sustainable practices. Established in 1983, the company has grown to become one of the most trusted names in the industry.
Ambuja Cements is part of the global LafargeHolcim Group, bringing international expertise to its operations. With a strong presence across the country, it produces innovative building materials that cater to infrastructure and residential needs.
The company is also committed to environmental stewardship, with a focus on reducing carbon emissions and utilizing alternative fuels. Through its efforts, Ambuja Cements continues to contribute to India’s construction growth while prioritizing sustainability.
