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Adani Cement Eyes Expansion with Acquisitions in South India

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As part of that aim, Adani Cement has been looking for acquisitions in South and North-East India, it said on Friday. The company is said to be in due diligence on at least two cement companies in South India, the sources added.

Also, Adani Cement has been eyeing the acquisition of Jaypee Cement, the subsidiary of debt-saddled Jaiprakash Associates, which is already in the insolvency resolution process. From a commercial perspective, the deal represents a key means of reinforcing the company’s market presence.

Though the natural dominance is in South India, Adani Cement is also on an aggressive lookout for potential deals in the NorthEast, indicating its intentions for a pan-region spread. Such acquisitions would enable the company to consolidate its position in India’s competitive cement market, where demand is being fueled by infrastructure projects and real estate development.

If these transactions go through, Adani Cement may substantially scale its production capacity, which can bring it closer to the long-term growth trajectories. With its financial strength and expansion plans, Adani Cement is strategically placed to emerge as a dominant player in the sector, industry experts say.

With rising demand for the cement industry continuing to consolidate, market watchers are now closely monitoring Adani’s next moves.

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