{
Orient Cement Limited

Companies

}
001122334455554433221100
001122334455554433221100

ambuja cement targets growth with strategic acquisition of orient cement stake

Ambuja Cement has agreed to acquire a 46.8% stake in Orient Cement Ltd for an equity value of Rs 81 billion, enhancing its operational capacity and access to quality limestone reserves. This strategic move is expected to boost Ambuja's FY26E EBITDA by approximately 8%, with a target price increase of Rs 46, maintaining a 'Buy' recommendation with a target of Rs 756.
Moneycontrol
United States Dollar Ambuja Cements Limited Orient Cement Limited IND
Finance & Economy, Market Report
07:41 23.10.2024

Ambuja Cement's acquisition of Orient Cement enhances operational efficiencies and market presence

Adani-owned Ambuja Cement's acquisition of Orient Cement at an EV/tonne of $114 is a strategic move to enhance its operational efficiencies and strengthen its presence in southern markets. The deal, which surpasses the valuation of Penna Cement, adds significant clinker capacity and limestone reserves, supporting long-term earnings growth. However, the cement sector faces near-term risks due to signs of demand weakness.
Moneycontrol
Penna Cement Industries Ltd. Ambuja Cements Limited Adani Agri Fresh Ltd. Orient Cement Limited IND Show more
Finance & Economy, Market Report
05:33 23.10.2024

Adani Group acquires Orient Cement intensifying competition with Ultratech

Adani Group has intensified competition in India's cement sector by acquiring a 46.8% stake in Orient Cement through Ambuja Cement, following UltraTech's purchase of India Cements. This marks the fourth major deal in the industry within a year, as both conglomerates have collectively acquired six firms since Adani entered the market in 2022.Hyundai's CEO emphasized the importance of stable policies and infrastructure support for the growth of India's electric vehicle market. The company plans to introduce multiple electric models and enhance its local ecosystem, coinciding with the listing of its Indian unit, which is the largest in the country's stock market history.
Moneycontrol
Indian Rupee UltraTech Cement Limited Adani Group Orient Cement Limited Ambuja Cements Limited Hyundai Motor Company IND Jaehoon Chang Show more
Finance & Economy, Market Report
04:06 23.10.2024

Adani Group acquires Orient Cement for 963 million dollars

Ambuja Cements Ltd., part of the Adani Group, has acquired Orient Cement Ltd. for 81 billion rupees ($963 million). The deal involves Ambuja purchasing 46.8% of Orient Cement shares from its founders and certain public shareholders, as Gautam Adani continues to strengthen his foothold in the cement industry to support India's infrastructure development.
bloomberg.com
Indian Rupee Ambuja Cements Limited Orient Cement Limited Adani Group IND Orient Cement Gautam Adani Show more
Finance & Economy, Market Report
05:55 22.10.2024
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