Adani Group becomes the second largest cement company in the country

Adani Group becomes the second largest cement company in the country

Daily Current Affairs / Adani Group becomes the second largest cement company in the country

Change Language English Hindi

Category : Business and economics Published on: September 20 2022

Share on facebook

Adani Group became the second-largest cement company in the country after it finalised the acquisition of Ambuja Cements and ACC Limited.
Ultratech Cement is the largest player with a market valuation of over Rs 1.87 lakh crore.
The acquisition of Ambuja Cements and ACC is the largest acquisition ever by the Adani Group, and India’s largest ever in the infrastructure and materials space.
Gautam Adani on Friday briefly overtook Amazon’s Jeff Bezos to become the world’s second-richest person, according to the Bloomberg Billionaires Index.
Adani’s net worth touched $155 billion (over Rs 12.3 lakh crore) and was trailing after Tesla founder Elon Musk, who has a net worth of $264 billion (over Rs 21.4 lakh crore), according to Bloomberg.

Recent Post's

India's household debt rises to 23.9% of GDP in FY25, signaling post-pandemic financial stress.
Read More....
PM Modi distributes over 51,000 appointment letters at 15th Rozgar Mela across 47 locations.
Read More....
India and Bhutan hold the 6th Joint Group of Customs Meeting in Thimphu on April 24–25, 2025.
Read More....
Cheetah Nirva gives birth to five cubs at Kuno, raising India’s cheetah count to 31.
Read More....
Indian companies send goods worth ₹85,000 crore annually to Pakistan via Dubai, Singapore, bypassing restrictions.
Read More....
India signs agreement with France for 26 Rafale-Marine aircraft for Navy.
Read More....
Delhi launches ₹10 lakh free health cover under Ayushman Vay Vandana for citizens aged 70+.
Read More....
Karnataka-based humanitarian Madhusudan Sai receives Fiji’s highest civilian award.
Read More....
President Droupadi Murmu confers Padma Awards to 71 achievers, including Shekhar Kapur and R. Ashwin.
Read More....
Start-up ‘Sarvam’ to build India’s first AI large language model under ₹10,370 crore IndiaAI Mission.
Read More....