Adani Group Buys Majority In Sanghi Industry, Pays ₹50 BN For 56.74% Of Promoter Stake

The Adani Group has further consolidated its position in the Gujarat cement market with the purchase of Sanghi Industries for an enterprise value of 5,000 crore rupees. Sanghi Industries operates the country’s largest single-location cement and clinker plant and will play an important role in Adani reaching its target of 140 mn tonne cement capacity much before 2028.