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This is quite a big step taken by the Adani Group towards increasing its hold over the cement sector. It is also one of the biggest steps taken by the conglomerate after the Adani Group Controversies.
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ADANI GROUP PLANS TO RESTRUCTURE ITS VARIOUS ASSETS IN THE CEMENT SECTOR
The Adani Group has recently announced a merger and ownership restructuring of the various cement assets that are housed under Adani Enterprises and Ambuja Cements. As a part of this crucial business strategy, Adani Cementation will be merged with Ambuja Cements.
Adani’s Entry Into The Cement Sector Currently, it is the second largest cement producer, just after UltraTech Cement. However, considering the way the business group is progressing towards its goals, it will soon become the largest cement producer in the entire country. The conglomerate will also be able to bring an end to the Adani Group Controversies.
The Recent Merger And Change of Ownership This is quite a big step taken by the Adani Group towards increasing its hold over the cement sector. It is also one of the biggest steps taken by the conglomerate after the Adani Group Controversies.
The Acquisitions Made In The Cement Sector Previously, the Adani Group had also acquired Sanghi Industries Limited. Again, this was a big move for the Adani Group in the cement sector. It not only helped the business group in the consolidation of its assets but also allowed it to achieve extraordinary popularity. Its cement capacity increased to a considerable extent.