00:00Adani Group is now in the process of acquiring a cement company in the North-East Raj.
00:09Adani Group's cement company Ambuja Cement is in talks with Star Cement.
00:15And as soon as the news came out, in the same way, in the 4th December business session,
00:20Star Cement's stock became a rocket.
00:22Star Cement's share reached Rs. 222.95 with a jump of about 14%.
00:28Which closed at Rs. 196.15 in the last session.
00:32Adani Group's company is in talks with Star Cement's acquisition.
00:37According to a report, Adani Company has appointed consultancy firm EY to review the transaction.
00:44An officer from Adani Group said that the company is always in search of opportunities for growth
00:49and Star Cement is one of the big players in the cement sector in the North-East region.
00:54In this region, the company's market share is the highest.
00:57And the company's production capacity is 7.7 million tonnes every year.
01:03The company has set a goal of increasing it to 30 million tonnes by 2030.
01:08All the major cement companies in the North-East are setting up units.
01:12In which the country's largest cement company, Ultratec Cement is also included.
01:17Ambuja Cement wants to settle in this area through acquisition.
01:21In 2022, Adani Group bought Ambuja Cement and ACC from Holsing Group for $6.4 billion and moved into the cement sector.
01:31After this, the group bought Sanghi Cement for Rs. 5,185 crore and Penna Cement for Rs. 1,422 crore.
01:39The company set a goal of increasing its capacity to 140 million tonnes by 2008.
01:46In October 2024, it was announced that Adani Group Germany company Heidelberg Materials can buy cement companies in India for Rs. 10,000 crore.
01:55For this, Adani Group has started negotiations with the German company.
01:59However, after Ultratec, Adani Group's cement company is one of the second-largest companies in the country.
02:06So what do you think? What impact will this decision of Adani Group have on the market?
02:10Give us your opinion in the comment box.
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