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Reputation: 642,681  •  Aug 3, 2023 7:51 PM
After Sanghi Industries, Ambuja keeping its options open on acquiring other cement companies: Karan Adani
After Sanghi Industries, Ambuja keeping its options open on acquiring other cement companies: Karan Adani
Ambuja Cements has taken a majority share in Sanghi Industries, buying the cement maker for Rs 5,000 crore ($667m). The company wants to exploit Sanghee's location, adjacent to the sea and coal mines, and its limestone reserves to establish the Kachchh plant as the cheapest clinker production plant in the country. Ambuja believes it can produce clinker for Rs 1,500-1,600 per tonne. Immediately after the acquisition, Ambuja plans to increase its cement capacity from 6.1 million tonnes to 10 million tonnes and further expand to 15 million tonnes in two years.
The Economic Times

https://economictimes.indiatimes.com/markets/expert-view/...
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