Adani Group-owned Ambuja Cements Limited (ACL) announced the completion of the acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 5,185 crore. With the acquisition funded entirely through internal accruals, Ambuja Cement holds a controlling stake of 54.51 per cent in SIL.
SIL's expansive Sanghipuram integrated manufacturing unit spans 2,700 hectares, standing as India's largest single-location cement and clinker production facility. The facility features two kilns with a clinker production capacity of 6.6 million metric tons per annum (MTPA), alongside a dedicated 13 MW captive power plant and a 13 MW Waste Heat Recovery System.
Leveraging its extensive billion-tonne surface mining limestone reserves, the acquisition of SIL will strategically position ACL to accelerate its coastal expansion plans. The objective is to enhance cement capacity to 15 million metric tonnes per annum (MTPA) along the West Coast, leveraging SIL's cost-effective clinker, the company said in a statement.
