Ambuja Cements to Absorb ACC, Orient Cement in Major Adani Group Consolidation
New Delhi: Ambuja Cements Limited, part of the Adani Group, has announced a sweeping corporate consolidation, approving the merger of its subsidiaries—ACC Limited and Orient Cement Limited—into the parent entity. The move is aimed at building a pan-India cement giant with enhanced scale, efficiency and market clout, according to media reports.
The merger process is expected to be completed within the next 12 months, subject to regulatory and statutory clearances.
Under the share-exchange plan cleared by the board, Ambuja Cements will issue 328 equity shares of ₹2 face value for every 100 equity shares of ₹10 face value held by eligible ACC shareholders. In the case of Orient Cement, shareholders will receive 33 equity shares of ₹2 face value in Ambuja Cements for every 100 equity shares of Re 1 face value.
Cements Limited Board Approves Amalgamation of ACC Limited and Orient Cement Limited#ThisIsAdaniCement #BuildingNationsWithGoodness pic.twitter.com/wGAr4f7oWm
— Adani Cement (@AdaniCement_) December 23, 2025
The consolidation is projected to unlock substantial operational synergies by optimising manufacturing capacities and logistics networks, simplifying the corporate structure and strengthening the combined balance sheet. The company expects more efficient capital allocation to support expansion plans and reinforce market leadership.
Ambuja Cements said the merger would also streamline branding, sales and distribution networks, leading to cost rationalisation and margin improvement of at least ₹100 per metric tonne. These efficiencies are expected to support targeted margin expansion and long-term growth metrics.
Industry observers view the move as a strategic bid to sharpen Ambuja’s competitive edge against market leader UltraTech Cement of the Aditya Birla Group.
Commenting on the development, Karan Adani, Non-Executive Director of Ambuja Cements Limited, described the consolidation as a transformational step.
“By bringing Ambuja Cements, ACC and Orient Cement under a single corporate structure, we are strengthening our ability to drive operational excellence, accelerate growth and deliver sustainable long-term value,” he said.
The consolidation of ACC and Orient Cement marks a key turning point in our journey. Together with Ambuja, a single integrated corporate structure will strengthen our ability to drive operational excellence, accelerate growth and deliver sustainable long-term value. pic.twitter.com/6B2OgPlZCW
— Karan Adani (@AdaniKaran) December 22, 2025
Karan Adani added that the merger builds on the group’s execution track record and positions the unified entity as a globally competitive, integrated cement and building materials company, backed by a robust balance sheet to fund future growth initiatives.
