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Ambuja Cements completes acquisition of Sanghi Industries

Tuesday, 05 Dec 2023
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Ambuja Cements (ACL) has completed the acquisition of Sanghi Industries (SIL). With the acquisition ACL holds a controlling stake of 54.51 percent in SIL. The company is valued at Rs 5,185 crore.

SIL’s Sanghipuram manufacturing unit Kutch district of Gujarat, spread over 2,700 hectares has a clinker production capacity of 6.6 million tpa, a cement grinding unit of 6.1 MTPA, and a 13 MW captive power plant, and is India’s largest single-location cement and clinker unit by capacity. It boasts of a billion-tonne high quality surface mining limestone reserves.

Further, ACL would invest in expanding the existing captive port at Sanghipuram to accommodate larger vessels, and will contribute towards infrastructure development by meeting the growing demand for cement across Gujarat, Maharashtra, Karnataka and Kerala at a competitive cost. This is expected to be commissioned  in the next 30 months. This strategic acquisition will be funded entirely through internal accruals.

Furthermore, the company is looking to reap the benefits of low-cost de-bottlenecking, increasing clinker capacity by 0.5 MTPA and cement capacity by 1.5 MTPA. The unit also offers potential for green power generation, reaching up to 45  percent, with an additional 12 MW WHRS and 30 MW of solar/wind power.

Moreover, the advantages of utilisation of locally available lignite and an increase in AFR consumption to up to 20 percent, positions Sanghipuram as the largest single-location clinker complex and among the lowest-cost producers.

With this, ACL is well-positioned to expedite its unique coastal strategy, aiming to increase the cement capacity to 15 MTPA along the West Coast states.

 
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