Ambuja Cem Completes Sanghi Industries’ Acquisition at Rs 5185 Cr Enterprise Value

Ahmedabad, December 5, 2023: Ambuja Cements Limited (ACL), the cement and building material company of Adani Group, announced the successful completion of the acquisition of Sanghi Industries Limited (SIL). The acquisition is valued at an Enterprise Value of Rs. 5,185 Crores.

With the acquisition funded entirely through internal accruals, ACL holds a controlling stake of 54.65% in SIL. 

SIL’s Sanghipuram 2,700-hectare integrated manufacturing unit stands out as India’s largest single-location cement and clinker production facility. This facility comprises of two kilns with an impressive clinker production capacity of 6.6 MTPA, a cement grinding unit of 6.1 MTPA, a dedicated 13 MW captive power plant and an efficient 13 MW Waste Heat Recovery System. The unit is seamlessly connected to a captive jetty in Sanghipuram.

Ajay Kapur, CEO, Cement Business said, “This acquisition represents a significant step forward in our journey solidifying Adani Group’s leadership position in India’s cement industry. It strengthens our commitment to delivering high-quality products and services to our customers while contributing to India’s infrastructure development. We welcome the employees of Sanghi Industries into the Adani family and look forward to capitalizing on the synergies this acquisition offers.

We are now better positioned to cater to diverse customer needs, offering a broader product range and innovative solutions for various construction requirements. We remain steadfast in our mission to build a sustainable future for India through responsible, innovative, and customer-centric solutions. The cost and geographic advantages of the 15 million tons coastal strategy will significantly strengthen the bottom line of ACL. The Company will continue to invest in cutting-edge technologies and best practices to ensure the highest quality standards and environmental stewardship.”