The Adani Group is poised to expand its cement business in India, reportedly in discussions to acquire Heidelberg Cement India from German-based Heidelberg Materials. Sources indicate that the acquisition aims to strengthen Adani’s position in the market, with plans for Ambuja Cement, a group company, to facilitate the deal, valued at ₹10,000 crores.
Following the news of the potential acquisition, shares of Heidelberg Cement India surged by 18% intraday, reaching a 52-week high of ₹257.85 on the BSE and touching ₹258 on the NSE before a subsequent decline. In contrast, Ambuja Cement shares fell by 2.21%.
The Adani Group is strategically moving to become a leader in the Indian cement sector. Since acquiring Ambuja and ACC from Holcim Group in 2022, the group has also purchased Penna and Sanghi Industries. With aspirations to surpass Birla Group’s Ultratech Cement, which currently holds the top position in the market, Adani is preparing for further acquisitions.
Heidelberg Cement operates in India under the brands Maisem and Juwari Cements, and this potential acquisition aligns with Adani’s ambitions to solidify its footprint in the competitive cement industry.
