ACC acquires remaining 55% stake in Asian Concretes and Cements for ₹775 crore

ACCPL possesses a cement capacity of 1.3 MTPA in Nalagarh, Himachal Pradesh, and its subsidiary, Asian Fine Cements Pvt Limited, has a cement capacity of 1.5 MTPA in Rajpura, Punjab.

The company said that the acquisition is fully funded through internal accruals. ACCPL has cash and cash equivalent of ₹35 crore.

This acquisition positions ACC and its parent company, Ambuja, to strengthen their market leadership in the profitable North India market.

"This strategic move enhances ACC's cement capacity and progress on the overall target of 140 MTPA capacity of Adani’s Cement Business by 2028. While ACC has an existing tolling arrangement with the Nalagarh unit, the Rajpura plant’s additional 1.5 MTPA capacity will strategically cater to a vast customer base across three states-- Himachal Pradesh,

Haryana, and Punjab, " Ajay Kapur, WTD and CEO, ACC Ltd, said.

The significant clinker reserves held by ACC and Ambuja Cements ensure support for the Rajpura plant, including future expansions. This acquisition strengthens Ambuja and ACC's market leadership positions, contributing to the Adani Group's total cement capacity of 77.40 MTPA.

With ongoing and planned CAPEX investments, the Adani Group aims to reach a cement capacity of 106 MTPA by FY 2026.

Shares of ACC were trading 1.35% lower at ₹2,345.2 apiece on BSE at 10:30AM.