New Delhi: Asia’s richest man gautam adaniK Group on Sunday said it has struck a deal to acquire a controlling stake in Holcim LimitedThe USD 10.5 billion business in India marks the port-to-energy conglomerate’s entry into the cement sector. Adani has over the years diversified beyond its core business of operating ports, power plants and coal mines into airports, data centers and clean energy.
The group last year set up two cement subsidiaries – Adani Cementation Ltd., which was planning to set up two cement units in Dahej. Gujarat and Raigad in Maharashtra; And Adani Cement Limited
The deal would make billionaire Gautam Adani’s conglomerate the second largest player in the domestic cement sector, which has acquired joint control of two Indian step-down firms from Holcim. ACC Limited And Ambuja Cement,
The group last year set up two cement subsidiaries – Adani Cementation Ltd., which was planning to set up two cement units in Dahej. Gujarat and Raigad in Maharashtra; And Adani Cement Limited
The deal would make billionaire Gautam Adani’s conglomerate the second largest player in the domestic cement sector, which has acquired joint control of two Indian step-down firms from Holcim. ACC Limited And Ambuja Cement,