After Adani Group taking over ACC and Ambuja Cement, the EBITDA has risen to Rs 1,350 per tonne from Rs 350 and the group is looking to scale it up to Rs 1,400 by 2024, sources said.
In a move to broaden its business verticals, Adani Group last year acquired Ambuja Cement Ltd and ACC Ltd. Ambuja
The Centre had on August 25 mandated that basmati rice contracts only with a value of $1200 per tonne or above could be registered for exports till October 15. However, the order was extended by the government till ‘further notice’.