Ambuja Cements Ltd, part of the Adani Group, has approved the amalgamation of ACC Ltd and Orient Cement Ltd to form a unified ‘One Cement Platform’. The strategic merger aims to unlock operational efficiency, streamline structure, strengthen the balance sheet, and boost market leadership, subject to regulatory approvals.
In a landmark move for India’s cement industry, Ambuja Cements Limited on December 22 announced Board approval for the merger of ACC Limited and Orient Cement Limited into Ambuja, setting the stage for one of the largest sector consolidations under the Adani Group umbrella.
Karan Adani, Non-Executive Director of Ambuja Cements, termed the merger a “transformational step” toward creating a globally competitive building materials conglomerate. The consolidation is expected to optimize manufacturing and logistics, improve margins, and accelerate growth targets, potentially expanding Ambuja’s cement capacity from 107 MTPA to 155 MTPA by FY28.
Notable updates:
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Ambuja to issue 328 shares (₹2 each) for every 100 ACC shares (₹10 each).
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Ambuja to issue 33 shares (₹2 each) for every 100 Orient Cement shares (₹1 each).
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Transaction completion anticipated within one year, pending regulatory approvals.
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Simplified corporate framework to boost agility and reduce administrative duplication.
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Unified ESG program focusing on low-carbon solutions and renewable energy integration.
Sources: National Stock Exchange (NSE) and BSE Corporate Announcements, Ambuja Cements Limited filing.