Adani Group Acquires Orient Cement for INR 8,100 Crore, Expanding Cement Capacity by 30 MTPA

Adani Group, through its cement company Ambuja Cements, has signed a binding agreement to acquire Orient Cement Ltd (OCL) at an equity value of INR 8,100 crore. The acquisition will increase Ambuja's cement capacity by ~30 MTPA within two years of its acquisition, and help it reach 100 MTPA cement capacity in FY 25. OCL's assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL'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.