Adani’s cement business is now in whose hands
Gautam Adani is the second richest person in the world as on 16 September 2022. In recent days, his Adani group has done two big deals in the cement business as well as the group has also completed the acquisition of Ambuja cement and acc limited.
Adani Group has now become the second largest cement producer in the country after Aditya Birla Group’s UltraTech Cement. The same news is coming that this business of the rapidly expanding Adani Group will be given to handling Karan Adani, the elder son of Gautam Adani.
He is the CEO of Adani Ports and Special Economic Zones Limited since January 2016 and has expanded this business rapidly. According to the information, now Karan Adani has been given two responsibilities in the cement business, Karan Adani has been appointed as the non-executive director of Ambuja Cement. Apart from this, he has also been given the responsibility of non-executive chairman of ACC.
According to the report, both Ambuja cement and ACC under the leadership of Tokar Karan Adani are going to get special benefits from the synergy with the Adani infrastructure platform. Especially in the field of raw material, renewable energy, and logistics, the Adani group has mastered because the companies of the Adani group have a pass. I have a lot of experience with these things.
Along with this, reports suggest that apart from bringing their thirty-five-year-old son Karan, Indians are also planning to involve key senior officials to help grow the cement business. Let us tell you that Adani Grow acquired the legendary cement company Ambuja Cement and ACC for about $ 10.5 billion in the past. After the completion of the deal, Adani will have a 63.15% percent stake in Ambuja cement and a 56.69% percent stake in ACC i.e. we will have a 50.05% percent stake through Ambuja cement.
Now now the combined market capital of Ambuja cement and ACC is $ 19 billion dollars. This year has been very special for Gautam Adani, his wealth has brought the biggest jump in the world.
According to Forbes, I have become the second richest person in the world. He has left behind giants like Mukesh Ambani, bill gates, and warren buffet. Only Allen Musk has left ahead of him, he is now leading the world’s second number, Jeff Bezos.
Let us tell you that there are seven listed companies in the Adani group. Those who do business in the areas like energy, ports and logistics, mining and resources, gas, defense and aerospace, and airports, their listed group companies include Adani enterprises, Adani green energy, Adani ports, and special Includes economic zone, Adani power, Adani total gas, Adani transmission and Adani Wilmar. At the same time, the Adani group is suppressing its commodity and fossil fuel business in airports, media, digital services, and telecommunication, as well as the Adani group is betting $ 70 billion on green energy.
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