Ambuja Cements to Merge ACC and Orient Cement, Creating a Pan-India Cement Powerhouse

In a significant development for India's cement sector, Ambuja Cements Limited, part of the Adani Group, has received approval for two separate Schemes of Amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited. This consolidation is expected to create a single consolidated ‘One Cement Platform’, delivering operational synergistic benefits, optimising manufacturing and logistics networks, streamlining corporate structure, strengthening balance sheet, and facilitating efficient capital allocation. The merger is also expected to optimise costs and improve margin by at least Rs. 100 PMT, achieving targeted cost, margin expansion, and growth metrics. The transaction is expected to be completed over the next one year, subject to requisite approvals.