Ambuja Cements, the cement and building material company of Adani Cement, has signed a binding agreement for the acquisition of Orient Cement (OCL) for Rs 8,100 crore. Ambuja will acquire 46.8 percent shares of OCL from its current promoters and certain public shareholders. 

The acquisition adds 16.6 MTPA capacity, with 8.5 MTPA operational and 8.1 MTPA ready to be executed. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25. OCL’s assets are well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity, along with clearance to increase the clinker capacity by another six MTPA and cement capacity by another 8.1 MTPA.

In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of four MTPA and a split grinding unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a grinding unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group’s existing cement footprint.

OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. 

Mr CK Birla, Chairman of Orient Cement and the CK Birla Group, said "We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders” in a media release.