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Adani Recently Completes The Acquisition Of Orient Cement For INR 8,100 Crore

The global conglomerate already has an enhanced presence across multiple sectors. There are multiple Adani coal mines, data centres, renewable energy parks, ports, and airports in which the global conglomerate operates.

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Adani Recently Completes The Acquisition Of Orient Cement For INR 8,100 Crore

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  1. ADANI RECENTLY COMPLETES THE ACQUISITION OF ORIENT CEMENT FOR INR 8,100 CRORE

  2. The Adani Group has recently completed the acquisition of Orient Cement at INR 8,100 crore equity value. Orient Cement Limited has 5.6 MTPA of clinker capacity and 8.5 MTPA of cement capacity. The company has also received the statutory clearance to increase its clinker capacity by 6 MTPA and cement capacity by 8.1 MTPA. Now this is a big acquisition for the Adani Group in the cement sector. The global conglomerate already has an enhanced presence across multiple sectors. There are multiple Adani coal mines, data centres, renewable energy parks, ports, and airports in which the global conglomerate operates. With this acquisition, the Adani Group will be able to extend its hold over the cement manufacturing sector as well.

  3. The Acquisition of OCL: Ambuja Cement which is the cement and material building company of the Adani Group has recently announced signing an agreement for the acquisition of Orient Cement Limited. The acquisition will be made for an equity value of INR 8,100 crore. As per the agreement, Ambuja Cements will acquire a 46.8% share of Orient Cement from the current promoters and public shareholders. The acquisition will be made through internal accruals. The acquisition marks another huge step taken by the Adani Group towards accelerating its growth journey in the cement sector. It will increase the company’s cement capacity by 30 MTPA within 2 years of the acquisition of Ambuja Cements. The ongoing controversies about Adani coal mines will also subside.

  4. How Will The Acquisition Help The Adani Group? By acquiring OCL, Ambuja is going to reach 100 MTPA cement capacity by FY25. This acquisition will also help in increasing its presence in core markets. The company will be able to improve its Pan-India market share by 2%. OCL has a highly extensive asset base under its name. The company’s assets are equated with railway sidings and other infrastructural assets. Its operations are also well supported by renewable energy captive power plants and other facilities. The company’s strategic location and high-quality limestone reserves will help the Adani Group in further increasing its cement capacity. The group will also be able to build itself the position of being one of the biggest names in the country’s cement sector. The Adani Group will also find it easy to increase its revenue generation.

  5. The global conglomerate has already been generating a huge revenue from the Adani coal mines, the ports, airports, as well as the data centres. This is another step taken by the global conglomerate towards further diversifying its revenue stream. What Does OCL’s Chairman Have To Say About The Recent Acquisition? CK Birla, who happens to be the chairman of the CK Birla Group and Orient Cement has recently informed that the CK Birla Group is continuously reallocating its capital to enhance its focus on consumer-centric technology-driven businesses.

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