Adani-Sanghi Deal: Adani group will invest in increasing the capacity of Sanghipuram port, big ships will benefit
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adani sanghi industries deal: Adani Ports and Special Economic Zone (APSEZ) Chief Executive Officer of (seo) Karan Adani has said that the Adani Group plans to invest in increasing the capacity of Sanghipuram’s private (captive) port. With this, ships of 8,000 DWT (Deadweight Tonnage) will be able to come to this port. Adani Group company Ambuja Cements Ltd. (ACL) on Thursday, West India’s leading cement manufacturer Sanghi Industries Ltd. (SIL) for an undertaking value of Rs 5,000 crore. Sanghi Industries Ltd. by Ambuja Cement. (SIL) will acquire 56.74 per cent stake in the company from the existing promoters Ravi Sanghi and family. This will help Ambuja Cement to increase its capacity to 73.6 million tonnes per annum. Ambuja Cement is the second largest cement manufacturer after UltraTech.
The Adani Group in September last year acquired Ambuja Cement and its subsidiary ACC Ltd. had forayed into the cement sector after acquiring a majority stake in After the acquisition of Sanghi Industries, Karan Adani said that we will invest in deepening and increasing the capacity of the private port. With this, there will be movement of ships up to 8,000 DWT. He said bulk terminals and grinding units would be set up along the west coast, which would enable the transportation of clinker and cement through the sea route at a lower cost. He said that our thinking is to produce clinker in Sanghipuram at the lowest cost. We will then transport this clinker and cement in bulk through coastal routes to the markets of Saurashtra, South Gujarat, Mumbai, Mumbai Metropolitan Region, Karnataka and Kerala.
Karan Adani expressed confidence that after proper implementation, Adani Group would be able to become the lowest cost supplier of cement in these markets. He said the acquisition of SIL would help Ambuja further strengthen its position in the market. With this, the cement production capacity of the company will increase from 67.5 million tonnes to 73.6 million tonnes. He said that Ambuja Cement has a target of achieving 140 million tonnes of capacity by 2028. This will be achieved ahead of time.
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