Ambuja Cements to merge ACC and Orient Cement

Ambuja Cements Limited announced the amalgamation of ACC Limited and Orient Cement Limited with itself, creating a combined entity with 107 MTPA cement capacity. The merger is expected to deliver operational synergies and margin improvement of at least ₹100 PMT.

“This strategic move aims to establish a unified 'One Cement Platform', creating a PAN-India Cement Powerhouse.”prysm.fi

• 3 sources
• prysm.fiAmbuja Cements to merge ACC & Orient Cement, creating a PAN-India Cement Powerhouse | Ambuja Cements Limited (AMBUJACEM) | PrysmPrysm Editorial DeskSep 30, 2024
• adani.comAdani Acquires Orient Cement at Rs. 8,100 Crore Equity ValueOct 22, 2024
• bloomberg.comAdani Group Buys Orient Cement as Race With Birla Heats Up - BloombergSanjai P R, Alex Gabriel SimonOct 22, 2024

Summarized from public sources; check the original articles before acting on it.