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Adani Group's Ambuja Cements merges Sanghi Industries and Penna Cement to boost efficiency and save costs.
Ambuja Cements, owned by the Adani Group, plans to merge its subsidiaries, Sanghi Industries and Penna Cement, to boost efficiency and competitiveness.
The merger will consolidate cash flow and resources, leading to cost savings and faster expansion.
Sanghi Industries has a cement capacity of 6.1 MTPA and limestone reserves of 1 billion tonnes, while Penna Cement has a capacity of 10 MTPA with two plants under construction.
The merger, expected to complete within 9-12 months, aims to enhance shareholder value.
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Ambuja Cements del Grupo Adani fusiona Industrias Sanghi y Cemento Penna para aumentar la eficiencia y ahorrar costos.