Ambuja Cements acquires 46.8% stake in Orient Cement for ₹8,100 cr

Ambuja Cements, part of Adani Group, signed a binding deal to acquire a 46.8% stake in Orient Cement for ₹8,100 crore. The acquisition boosts Ambuja's capacity by 30 MTPA, targeting 100 MTPA by FY25. OCL's assets and strategic locations will enhance Adani Cement's market share and pan-India presence.