According to Gautam Adani, chairman of the Adani group, Ambuja Cement and its subsidiary ACC would surpass other cement producers in terms of profitability as margins increase as a result of increased demand.
Speaking to the Ambuja employees on Saturday, Adani referred to the acquisition of Ambuja and ACC as a historic event because it made the Adani group the second-largest cement producer in the nation all at once. With a 120 mtpa capacity, UltraTech is the largest cement manufacturer in India right now.
"We now control two of the most recognizable names in the nation. One that captures the "grit" of India before independence, and another that captures the "spirit" of a self-assured India, "He continued by stating that the acquisition was completed in a record-breaking four months and was India's largest inbound merger and acquisition (M&A) transaction in the infrastructure and materials sector.
Adani explained that their decision to join the market was motivated by their unwavering faith in the India narrative and confidence that the country's GDP will be worth $25—30 trillion by the year 2050. He said the firm is now the biggest solar energy producer in the world and is driving India's green transformation. In terms of generation, transmission, distribution, LNG, LPG, city gas, and piped gas distribution, the group is now India's largest integrated energy operator. These companies are all expanding by double digits.
Regarding the group's finances, Adani said that the organization is now stronger than ever and that it is still raising billions of dollars from foreign markets and business partners in order to speed its expansion. "Our market worth today stands at $260 billion — having risen faster than any company ever in India," he remarked.
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