Adani Cements uses the sea route for some transportation at Sanghi Industries and Ambuja Cements. "The plan for sea logistics will mature now, after this acquisition. You will see a much more impactful progression on sea logistics in 6-12 months time," said Vinod Bahety.
Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next.
India Business News: MUMBAI: The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at Rs 10,442 crore including debt, expanding i.
Most Adani Group firms hit lower circuit limit; Adani Ent, Adani Ports dive 25% intra-day navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
Hyderabad: As the Lok Sabha elections started to trickle in, the heat on the Bharatiya Janata Party resulted in a meltdown in stock markets, with the Sensex and the Nifty crashing on the opening bell.