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The group last year set up two cement subsidiaries - Adani Cementation Ltd which was planning to set up two cement units at Dahej in Gujarat and Raigarh in Maharashtra; and Adani Cement Ltd.
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Get latest articles and stories on India at LatestLY. Asia's richest man Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion, marking ports-to-energy conglomerate's entry into the cement sector. India News | Adani to Acquire Holcim India Assets for USD 10.5 Bn.
India’s Adani Group acquired a controlling stake in Holcim AG’s cement businesses in India in a $10.5 billion deal to become the second biggest cement producer…
Adani has acquired 63.19% of Ambuja Cements and its subsidiary ACC.