New Delhi, October 22: Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal accruals, the company said in a statement.

The acquisition of OCL complements Ambuja슬롯사이트™s existing cement footprint, reducing overall lead distances and logistics costs for the cement business and improving market share in our core markets, it said. 슬롯사이트œThis timed acquisition marks another significant step forward in Ambuja Cements슬롯사이트™ accelerated growth journey, increasing cement capacity by 30 million tonnes per annum (MTPA) within two years of Ambuja슬롯사이트™s acquisition,슬롯사이트 said Karan Adani, Director of Ambuja Cements.슬롯 머신 사이트 추천Meta Starts Testing Facial Recognition Technology To Detect and Prevent 슬롯사이트˜Celebrity Bait슬롯사이트™ Ads on Its Facebook and Instagram; Know How It Will Work.

슬롯사이트œBy acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25. The acquisition will help to expand Adani Cements슬롯사이트™ presence in core markets and improve its pan-India market share by 2 per cent,슬롯사이트 Karan Adani added. OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity, along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA.

In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. 슬롯사이트œOCL슬롯사이트™s assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL슬롯사이트™s strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA,슬롯사이트 said Karan Adani.슬롯 머신 사이트 추천ASUS ROG Phone 9 Series Launch Confirmed on November 19, Will Feature Latest Snapdragon 8 Elite; Check Details.

OCL has secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of the Satpura Thermal Power Plant. Both these complement the Adani Group슬롯사이트™s existing cement footprint. CK Birla, Chairman of Orient Cement and the CK Birla Group, said they are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders. Ambuja, with its subsidiaries ACC Ltd, Penna Cement Industries Ltd and Sanghi Industries Ltd, has taken the Adani Group슬롯사이트™s cement capacity to 88.9 MTPA, with 20 integrated cement manufacturing plants, 20 cement grinding units and 12 bulk terminals across the country.

(The above story first appeared on LatestLY on Oct 22, 2024 12:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).