# Adani Group acquires Penna Cement for Rs 10,422 crore

The Adani Group announced the acquisition of Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, adding 14 MTPA to its capacity.

- Type: Acquisition
- Announced: 2024-07-02
- Where: Hyderabad, India
- Value: $1.25B (104.2B INR)
- Status: announced
- Capacity: 14 MTPA
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Adani Group](https://endata.com/companies/15392.md) (acquirer)
- [Penna Cement](https://endata.com/companies/78396.md) (target)

## Sources

- [easyrealtors.in](https://easyrealtors.in/news/ambuja-cements-adani-cementation-merger/), 2024-07-02: "Earlier this month, the group announced the acquisition of Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, adding 14 MTPA to its capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.