ACC, Ambuja to ramp up capacity as Adani vies with UltraTech for top slot
$6,000 Welcome Bonus
With the acquisition of Ambuja Cements and ACC, the Adani group is focusing on raising the capacity to 100 million tonnes per annum of both companies from the present 70 million tonnes per annum, thus taking on the industry's leader, UltraTech. Ambuja and ACC will be investing in new capacities with their own cash and taking fresh debt, analysts said on Monday.
With new aggressive owners, the expansion plans of both companies will be put on fast track with a goal to raise the capacity to 140 million tonnes per annum, bankers said. One of the first tasks of the Adani group ...
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.We, however, have a request.As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and .
