The Adani Group is in superior discussions with the Odisha authorities to arrange its first greenfield cement plant. This plant might be constructed from the bottom up, marking a big growth for Adani within the cement sector. The proposed plant can have a manufacturing capability of 4 million tonnes each year (MTPA) and is predicted to be operational by the 2028 monetary yr.
Adani group that has up to now solely acquired cement companies has additionally ready a method to construct new amenities from scratch.
The group has finalized its discussions with the Odisha authorities and the goal is to make the cement plant prepared by FY28.
This transfer is a part of Adani’s broader technique to turn into one in every of India’s largest cement producers. The funding for this venture is estimated to be between ₹3,000-3,500 crore.
Earlier in August, Adani Group’s Ambuja Cements has announced a big funding of ₹1,600 crore to arrange its first cement grinding unit in Bihar. Nonetheless, this includes establishing a facility to grind cement clinker into completed cement, relatively than developing a cement manufacturing plant from the bottom up.
Since getting into the cement business in 2022 by buying Ambuja Cements, the Adani Group has made a number of strategic acquisitions to quickly increase its manufacturing capability.
The Adani Group has made a number of strategic acquisitions to increase its presence within the cement business. These embody the acquisition of Sanghi Industries’ cement enterprise, which considerably boosted Adani’s manufacturing capability.
Moreover, Adani acquired Hyderabad-based Penna Cement, additional increasing its footprint in southern India. The acquisition of CK Birla group’s Orient Cement additionally added substantial capability to Adani’s portfolio. Gujarat-based Saurashtra Cement is in superior discussions for acquisition by Adani. The group can also be exploring the acquisition of Jaiprakash Associates’ cement enterprise and contemplating the acquisition of Vadraj Cement, owned by ABG Shipyard.
These acquisitions are a part of Adani’s bold plan to turn into one in every of India’s largest cement producers, aiming for a manufacturing capability of 140 million tonnes each year by the monetary yr 2027-28.
Again to Adani’s Ambuja Cements, Ambuja reported a 42.5% year-on-year decline in internet revenue for the second quarter of the fiscal yr 2024-25, with internet revenue falling to ₹455.96 crore. Regardless of the revenue decline, Ambuja Cements achieved a 9% progress in gross sales quantity, reaching 14.2 million tonnes in Q2, the very best up to now 5 years.
To recall, final yr in March it was reported that Adani Group is organising two new cement manufacturing crops in Andhra Pradesh, with a mixed capability of 10 million tonnes each year (MTPA). These crops stated to be be situated in Kadappa and Nadikudi.
Aside from cement, Adani Enterprises has begun operations of a brand new copper unit in Mundra, Gujarat, with a capability of 1 million tonnes each year (MTPA). The venture is predicted to create 7,000 direct and oblique employment alternatives.