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adani: After Sanghi Industries, Ambuja keeping its options open on acquiring other cement companies: Karan Adani

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Jun 07, 2023

adani: After Sanghi Industries, Ambuja keeping its options open on acquiring other cement companies: Karan Adani

Adani group to expand SIL's Sanghipuram captive port capacity to handle large ships Sanghi Industries shares jump 5%, Ambuja Cement climbs over 3% Don’t miss out on ET Prime stories! Get your daily

Adani group to expand SIL's Sanghipuram captive port capacity to handle large ships

Sanghi Industries shares jump 5%, Ambuja Cement climbs over 3%

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Karan AdaniAmbuja CementsAmbuja Cements has acquired a majority stake in cement maker Sanghi Industries at an enterprise value of Rs 5,000 crore. Can you explain the logic behind this move?This was one of the unique parts of this acquisition, the usage of marine infrastructure. This is something which the Street is talking about and appreciating. Once this acquisition is complete, in what kind of timeline can further capex be lined up when you are talking about 15 million tonnes capacity? How much capacity expansion are we looking for in this company?Also what are the broad timelines you are working with?What is your strategy on cement overall? This is one of the acquisitions. The Street is talking about more. Or will it be a mix of organic and inorganic as far as your overall cement capacity and business plan for the next few years is concerned?So, you got your hands full and your projects all lined up. Does it mean that you are no more scanning for any immediate buyout candidates?