In a strategic move, Adani Group’s Ambuja Cements has announced the acquisition of a 46.8% stake in Orient Cement Ltd (OCL) for INR 8,100 crore. This acquisition will significantly bolster Adani’s cement capacity, adding 16.6 MTPA, with 8.5 MTPA operational and 8.1 MTPA ready for execution. The move accelerates Ambuja’s goal to reach 100+ MTPA capacity by FY 2025.

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Orient Cement’s key assets include a 5.6 MTPA clinker capacity, cement plants across Telangana, Karnataka, and Maharashtra, and high-quality limestone reserves in Rajasthan. The acquisition expands Adani’s market share by 2% across India, positioning it strongly in core and new regions, especially in North India with an additional 6 MTPA potential capacity.

Ambuja Cements’ Director, Karan Adani, highlighted the acquisition as a key step in the company’s rapid growth trajectory. The deal is fully funded through internal accruals, keeping Ambuja debt-free.