Construction Industry News
Ambuja Cements (ACL) has completed the acquisition of Sanghi Industries (SIL), marking a significant milestone in its growth trajectory. This acquisition, valued at Rs 5,185 crore, strengthens Ambuja Cement's presence in the market and underlines Adani Group's strong commitment to housing and infrastructure development in India.
As the acquisition is funded entirely through internal revenue, ACL has a majority stake of 54.65% in SIL.
SIL's integrated manufacturing unit at Sanghipuram, covering an area of 2,700 hectares, has the distinction of being the largest single-site cement and clinker manufacturing facility in India. This facility consists of two kilns with a clinker production capacity of 6.6 million tonnes per year, a cement grinding unit of 6.1 million tonnes per year, a dedicated 13 MW power plant and an efficient 13 MW waste heat recovery system. The unit is seamlessly connected to a private jetty at Sanghipuram.
The acquisition of SIL, with its billion-tonne high-quality open pit limestone reserves, positions ACL to accelerate its unique coastal strategy, aiming to increase cement capacity along the west coast to 15 million tons based on SIL's low-cost clinker.
Additionally, SIL provides immediate low-cost debottlenecking capability, increasing clinker capacity by 0.5 million tonnes per year and cement capacity by 1.5 million tonnes per year. The unit also offers potential for green energy generation, up to 45%, with an additional 12 MW WHRS and 30 MW of solar/wind.
Ajay Kapur, CEO of the cement company, said: "It reinforces our commitment to provide quality products and services to our customers while contributing to the development of India's infrastructure."
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