ACC-Ambuja Cement Merger Plans: There has been a discussion in the market for many days that Adani Group is going to merge two companies of its cement business, ACC and Ambuja Cement. On the basis of this news, fluctuations are also being seen in the shares of ACC and Ambuja Cement for the last few days. Now Ajay Kapoor, Chief Executive Officer (CEO) of Adani Group’s cement companies ACC and Ambuja Cement, has put an end to these speculations and has given big information.
Adani Group has no plans to merge ACC and Ambuja Cement
On behalf of the Adani Group, Ajay Kapoor has said that both ACC and Ambuja Cement will continue to operate as separate entities and the group has no plans to merge them. Ajay Kapoor has given this big information in the annual shareholders’ meet and today due to its effect a big movement can be seen in the shares of both the companies.
In the year 2022, Adani Group bought the business of Ambuja Cement and ACC.
Significantly, in the year 2022, Adani Group had acquired Ambuja Cement and ACC from Holcim of Switzerland. Now that the Adani Group has made it clear that there is no plan to merge the two companies, the future plans of this largest cement producer group after UltraTech Cement in the country are clear.
Learn about the business of ACC and Ambuja Cement
Ambuja Cement and ACC have a combined installed production capacity of 67.5 MTPA. As both the companies, they are the strongest cement brands in India and have very strong manufacturing and supply chain infrastructure. For this, there are 14 integrated units, 16 grinding units, 79 ready mix concrete plants and 78,000 channel partners in India.
CEO Ajay Kapoor said an important thing
According to the news of Reuters, in his shareholders’ meeting, Ajay Kapoor clearly said that “We are working on a plan to increase the EBITDA of our cement business to Rs 400-450 per tonne in the next 24 months. Companies are working on cutting their production costs by improving manufacturing and logistics processes. ACC plans to add 16 million tonnes of new capacity in the next 2 to 5 years. Our There is no hassle or problem in using old brands”
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