Adani plans to acquire Heidelberg Materials' Indian operations, with a proposed valuation of approximately $1.2 billion (Rs 10,000 crore).
Ambuja Cements, a key player in the Adani Group, boasts cash reserves of Rs 18,299 crore as of June 30, 2024, setting a robust foundation for the acquisition.
Heidelberg claims a production capacity of 14 million tonnes. However, discrepancies in this figure could complicate valuations and negotiations.
Heidelberg operates in nine Asia-Pacific countries, holding a total capacity of 53.5 million tonnes, positioning it as a formidable player in the global cement market.