New Delhi:

Asia's richest man Gautam Adani's conglomerate on Sunday said it has acquired Holcim Ltd's business in India for USD 10.5 billion, recognizing the importance of the port-to-energy conglomerate in the cement sector. It has bought two major cement companies of India Ambuja and ACC from Holcim Group. Let us inform that in the last few years, Adani has grown from the core business of operating ports, power plants and coal mines to airports, data centers and also in the area of ​​clean energy. step has been taken.

The group had last year set up two cement subsidiaries - Adani Cementation Ltd. which is planning to set up two cement units at Dahej in Gujarat and Raigad in Maharashtra. The two Indian step-down firms of Holcim are ACC Ltd. and Ambuja. Gautam Adani Group has also become India's second largest player in cement sector after acquiring joint control of cement.

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