Ambuja Cements Acquires 1.5 MTPA Grinding Unit in Tuticorin for INR 413.75 Crore
Ambuja Cements, part of LafargeHolcim, has announced the acquisition of a 1.5 MTPA grinding unit in Tuticorin, Tamil Nadu, India, at a cost of INR 413.75 crore. The acquisition aims to strengthen the company's footprint in the southern region of the country.
Ambuja Cements, a leading cement manufacturer in India and part of the global building materials group LafargeHolcim, has recently announced the acquisition of a 1.5 MTPA (million tonnes per annum) grinding unit in Tuticorin, Tamil Nadu, India.
The acquisition is valued at INR 413.75 crore, as per the company's official statement.The move is part of Ambuja Cements' strategic expansion plan to strengthen its presence in the southern region of the country.
The acquisition is expected to enhance the company's production capacity and improve its market position in the region.The grinding unit in Tuticorin is strategically located to cater to the growing demand for cement in the southern markets. With this acquisition, Ambuja Cements will be able to expand its reach and serve a larger customer base in the region.
The acquisition is subject to the necessary regulatory approvals and other customary conditions. Once the acquisition is completed, the grinding unit will be integrated into Ambuja Cements' existing operations.The acquisition is in line with Ambuja Cements' commitment to sustainable and responsible growth. The company has been consistently focusing on enhancing its production capacity and expanding its presence in key markets.
