The Orient Cement offer: Gautam Adani's play in yet another infrastructure sector in India
Adani Group, a major player in India's infrastructure sector, is eyeing further expansion in the cement industry. Adani recently acquired three major cement companies and is now reportedly in talks to purchase Orient Cement. The acquisition would strengthen Adani's presence in south India, where ACC, one of the companies it acquired, has capacity constraints. The move comes as demand for cement is expected to rise due to government infrastructure projects. Adani group aims to raise its capacity to 140 million tonnes per annum by 2028.
Source: indiatimes.com
