Adani Group is further consolidating its cement operations with Ambuja Cements set to merge Adani Cementation, adding strategic locations and limestone resources. This move aims to enhance operational efficiency and bolster Ambuja’s coastal footprint, ultimately strengthening its position in the Indian cement market.
Adani Group’s cement manufacturer, ACC, has witnessed a remarkable performance in the fourth quarter of FY24. The company’s net profit surged by an impressive 216% to reach 748.54 crore, marking a significant increase from the 236.57 crore recorded in the corresponding period of the previous year. Additionally, the company’s revenue from operations for Q4FY24 has witnessed a healthy growth of 12.67% to 5,398.11 crore, compared to 4,790.77 crore year-on-year (YoY).
