Himachal Cement Giant Now Fully Owned: ACC Makes Rs 775 Crore Move

Ambuja Cements Limited (ACC), a subsidiary of Ambuja Cements, has successfully acquired the remaining 55 percent stake in ACCPL, solidifying complete ownership of the company for Rs 775 crore. ACCPL, located in Nalagarh, Himachal Pradesh, boasts a cement capacity of 1.3 million tonnes per annum (tpa), and its subsidiary, Asian Fine Cements (AFCPL), situated in Rajpura, Punjab, has a capacity of 1.5 MTPA.

This strategic acquisition is poised to strengthen ACC and Ambuja's market leadership in North India, concurrently elevating the Adani Group's overall cement capacity to 77.40 MTPA. Anticipating ongoing and planned capital expenditure investments, the Adani Group's cement capacity is projected to reach 106 MTPA by the fiscal year 2026.

Furthermore, this move aligns with Adani's ambitious target of achieving a cement business capacity of 140 MTPA by 2028. The Rajpura plant is strategically positioned to efficiently cater to customer needs across Himachal Pradesh, Haryana, and Punjab. ACCPL currently holds cash and cash equivalents amounting to Rs 35 crore.

This acquisition is not only value accretive but also strategically balances Adani Cement's clinker facilities in North India. As an integral part of Adani Cement, ACC, with its Research and Development (R&D) center, underscores a commitment to quality products, services, and technological advancements, solidifying its position as a prominent brand in the building materials sector.