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An announcement from Ambuja Cements Limited ( (IN:AMBUJACEM) ) is now available.
Ambuja Cements’ board has approved schemes of amalgamation to merge ACC Limited and Orient Cement Limited into Ambuja, creating a single ‘One Cement Platform’ that management says will form a pan-India cement powerhouse under the Adani Group. The consolidation is designed to generate substantial operational and financial synergies by optimising manufacturing and logistics networks, simplifying and rationalising the corporate structure, branding and sales spends, and enabling more efficient capital allocation, with the company targeting cost and margin improvements of at least Rs. 100 per tonne and supporting its plan to expand cement capacity from 107 MTPA to 155 MTPA by FY28; the transaction, which includes defined share-swap ratios for ACC and Orient Cement shareholders, is expected to be completed over the next year subject to requisite approvals, and will result in a stronger, debt-free combined balance sheet aimed at bolstering long-term shareholder returns and market leadership.
More about Ambuja Cements Limited
Ambuja Cements Limited, part of the Adani Group, operates in India’s cement and building materials industry, producing cement and related construction materials for markets across the country. With an existing cement production capacity of 107 MTPA and a presence across manufacturing and logistics networks pan-India, the company is positioning itself as a unified, large-scale player in the domestic cement sector.
Average Trading Volume: 114,220
Technical Sentiment Signal: Hold
Current Market Cap: 1334B INR
Find detailed analytics on AMBUJACEM stock on TipRanks’ Stock Analysis page.