Adani Group Expands with ₹8,100 Crore Cement Deal and PSP Projects Stake Acquisition

Adani Group is expanding its business empire, and its latest acquisitions show just how ambitious the company has become. In a major development, Ambuja Cements, a key part of the Adani Group, has received approval from the Competition Commission of India (CCI) to acquire a majority stake in Orient Cement Ltd. This deal, valued at ₹8,100 crore, is set to strengthen Adani’s presence in the cement industry.

With this acquisition, Ambuja Cements will take over 46.8% of Orient Cement’s shares, including a significant portion of the company’s current promoters and public shareholders. But that’s not all - according to SEBI regulations, such a large acquisition triggers an open offer, meaning Ambuja Cements must now offer to buy an additional 26% of the company’s shares from existing investors. If the open offer is fully accepted, Ambuja’s total stake in Orient Cement will rise to 72.8%, making it the dominant owner of the company.

Orient Cement currently operates 3 manufacturing plants across Telangana, Karnataka, and Maharashtra, supplying cement to 10 states. By adding these facilities to its portfolio, Adani’s cement business will gain a further boost, adding 16.6 million tonnes per annum (MTPA) to its production capacity. This expansion follows another major acquisition by Adani last year when it purchased Penna Cement for ₹10,422 crore, adding 14 MTPA capacity.

But cement isn’t the only sector where Adani is growing its presence. In another deal, the CCI also cleared Adani Infra’s proposal to acquire a stake in PSP Projects Ltd, a construction company known for high-profile projects like the Surat Diamond Bourse. Adani Infra, a subsidiary of Adani Enterprises, has agreed to buy a 30.07% stake in PSP Projects from its current promoter, Prabhladbhai S Patel, for ₹685.36 crore.

Currently, PSP Projects’ promoters hold 60.14% of the company, but after this transaction, both Adani Infra and the existing promoters will hold equal shares of 30.07% each. Additionally, as per SEBI rules, Adani Infra will have to make an open offer to PSP Projects’ minority shareholders to acquire another 26% stake. If fully accepted, this will make Adani Infra the largest shareholder in the company, strengthening its position in India’s construction sector.

Adani Group has been on an aggressive expansion spree in recent months, acquiring businesses in multiple industries, including cement, infrastructure, and construction. These latest acquisitions are part of its broader strategy to solidify its market dominance and expand its reach across India’s rapidly growing economy.