Adani cements his position in Ambuja & ACC, where does it stand in the race with Ambani?

Adani cements his position in Ambuja & ACC, where does it stand in the race with Ambani?

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BusinessToday.In
  • Updated May 17, 2022 11:37 AM IST

Gautam Adani has cemented a place for himself in the mega-bucks construction industry by buying ACC and Ambuja Cement for a whopping 10.5 billion dollars. In what is the biggest deal by Adani as well as in the Indian construction space, Adani Group will purchase the two companies from Europe-based Holcim which is exiting the Indian market. So, what does becoming the second-biggest player in the cement market mean for Adani? Where does this place him against the ambitions of fellow Gujarati Mukesh Ambani? Sakshi Batra brings you this report.

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