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A Concrete Step
Business Today India
|September 03, 2023
Ambuja Cements' deal to buy Sanghi Industries opens up new markets and a chance to ramp up capacity for the Adani Group's cement play
BILLIONAIRE INDUSTRIALIST Gautam Adani-owned Ambuja Cements announced a deal to buy Sanghi Industries for ₹5,000 crore in early August. From a long-term strategic perspective, Ambuja Cements has a lot to gain from the acquisition of one of the top cement producers in western India. While expanding capacity or gaining a stronger foothold in a particular region (in this case, western and central India) is important for the power-to-ports conglomerate, what is even more critical is the capacity to serve coastal markets.
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