Ahmedabad, Dec 22 (NationPress) Ambuja Cements, a member of the Adani Group, announced on Monday that it has secured endorsement for two distinct amalgamation schemes from its Board of Directors — aimed at merging ACC Limited with Orient Cement Limited — thereby creating a unified and consolidated ‘One Cement Platform’.

This merger marks a significant milestone for the cement division of the Adani Group, forming a more integrated and powerful entity with enhanced scale, operational efficiencies, and financial robustness.

“This consolidation signifies a pivotal moment in our quest to construct a globally competitive, integrated cement and building materials organization. By incorporating Ambuja Cements, ACC, and Orient Cement into a single corporate framework, we are bolstering our capacity to foster operational excellence, expedite growth, and provide sustainable long-term value,” stated Karan Adani, Non-Executive Director of Ambuja Cements Limited, Adani Group.

“This merger builds upon our already established track record, positioning our business to enhance efficiency and productivity. The solid and resilient balance sheet of the unified entity will effectively facilitate future growth strategies,” he added.

For every 100 equity shares of ACC, each valued at Rs 10, Ambuja will allocate 328 equity shares, each with a face value of Rs 2, to qualifying shareholders of ACC.

Similarly, for every 100 equity shares of Orient Cement, with a face value of Re. 1, Ambuja Cements will issue 33 equity shares at a face value of Rs. 2 each to eligible shareholders of Orient Cement.

The company stated that this merger will unlock greater operational efficiencies, streamline manufacturing and logistics, and enable effective capital allocation. Such advancements are expected to enhance profitability, support capacity expansions, and improve long-term shareholder returns.

The amalgamation aims to eliminate structural redundancies, lower administrative costs, and promote quicker, more agile decision-making. Furthermore, no specific MSA will be necessary with ACC, Orient, Penna & Sanghi as these subsidiaries will become integral components of Ambuja Cements.

This initiative is in line with Ambuja Cements’ strategic objectives to increase cement production capacity from 107 MTPA to 155 MTPA by FY28, ensuring efficient capital deployment and rapid adaptation to market dynamics, according to the company.

Additionally, this strategic amalgamation is more than just a merger; it is a substantial leap forward for shareholders, offering direct engagement in a more robust, agile, and future-oriented leader in the cement sector.

The brands ‘Adani Ambuja Cements’ & ‘Adani ACC’ will continue to function normally, featuring their leading product brands in the respective markets.