Adani Group plans to invest $3bn in acquiring cement companies to become India's largest cement manufacturer.
The Adani Group plans to invest $3 billion in acquiring multiple cement companies, including Penna Cement, Saurashtra Cement, and cement businesses of Jaiprakash Associates and ABG Shipyard-owned Vadraj Cement. The conglomerate aims to increase its cement production capacity and surpass Aditya Birla Group's UltraTech to become India's largest cement manufacturer within the next three to four years.
June 13, 2024
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