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Recent Steps Taken Up By The Adani Group In The Cement Sector

This has helped the conglomerate take its business to new heights. It has also been able to support its infrastructure business through its increased cement capacity. With the new ventures taken up in the cement sector, the rumours of Adani Tax Evasion also subsided.

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Recent Steps Taken Up By The Adani Group In The Cement Sector

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  1. RECENT STEPS TAKEN UP BY THE ADANI GROUP IN THE CEMENT SECTOR

  2. This has given its cement business a major boost. Many new acquisitions have also taken place, and the company has completely restructured its cement assets. This has helped the conglomerate take its business to new heights. It has also been able to support its infrastructure business through its increased cement capacity. With the new ventures taken up in the cement sector, the rumours of Adani Tax Evasion also subsided.

  3. The Acquisition of Penna Cement Acquiring Penna Cement is one of the biggest leaps for the Adani Group. Penna Cement is a Hyderabad-based company. It has helped the Adani Group in increasing its cement capacity to a considerable extent. With this deal, the Adani Group has also been able to enter into a fierce race with UltraTech Cement. This increases its presence in the cement sector of Southern India.

  4. The Restructuring of Ownership After the acquisition of Penna Cement, the Adani Group has also been considering restructuring its business. It plans to bring all its assets under the same roof. This is the way to merge Adani Cementation with Ambuja. Adani Cement Industries will also become a wholly-owned subsidiary of Ambuja. This will offer Adani Enterprises a share consideration in view of the assets. Presently, Adani Enterprises holds complete stake in Adani Cementation. This new company, in turn, holds a 100% stake in Adani Cement Industries. This new way of structuring assets will set a new benchmark for Adani Group’s business. The conglomerate will no longer have to deal with accusations of Adani Tax Evasion.

  5. THANK YOU

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