Another success of Gautam Adani, his company will become the most profitable cement producer
Gautam Adani Gautam Adani is now set to become the cement king after the acquisition of Ambuja Cement and ACC Cement. He aims to make his company the leading and most profitable cement producing group in the field of cement production.
Abhilasha 
Adani Group Chairman Gautam Adani has said that his group is planning to double cement production capacity and become the largest profitable cement producing group. The Adani Group last week completed the acquisition of cement companies Ambuja Cement and ACC Ltd for $6.5 billion.
Gautam Adani said that the market capitalization of the Adani Group has reached $260 billion and it has grown faster than any company till date in India. Gautam Adani said that the demand for cement in the country has increased manifold due to record economic growth and government efforts to boost infrastructure. This will increase our profit.
India is one of the growing economies
Speaking at the completion of the acquisition of Ambuja Cement and ACC, Adani said it was the biggest deal in the country in the infrastructure and materials sector and was completed in a record four months. According to the statement released on Monday, Adani said that we have entered this region at a time when India is also one of the growing economies of the world.
Seven fold growth in cement industry
On the reasons for entering the cement sector, Adani said that India is the second largest producer of cement in the world. The per capita cement consumption in our country is 250 kg, while in China, the largest producer, this consumption is 1,600 kg. Thus, there is scope for seven-fold growth in this sector.
Acquisition of Ambuja Cement and ACC enhances credibility
The Adani Group has completed the acquisition of Ambuja Cements and ACC Ltd. The acquisition of Ambuja Cements and ACC is the biggest ever by the Adani Group. This has enhanced the reputation of the group.
