Adani Cement Merger: Ambuja, ACC, Orient to Form One Platform
Adani Group has approved the merger of ACC and Orient Cement into Ambuja Cements, aiming to create a unified cement platform that boosts efficiency, margins, and long-term capacity expansion.
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ACC and Orient Cement to merge into Ambuja Cements
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Brands to remain separate under a single corporate structure
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Merger aims to improve margins by up to ₹100 per tonne
The Adani cement merger is set to reshape India’s cement landscape, with the Adani Group approving the consolidation of ACC Ltd and Orient Cement Ltd into Ambuja Cements. The move will bring all of the group’s cement operations under a single corporate platform, described internally as the “One Cement” structure.
According to a stock exchange filing dated 22 December 2025, Ambuja Cements’ board cleared the merger proposal as part of Adani Group’s broader strategy to simplify group structures, cut duplication, and strengthen its competitive position in a rapidly consolidating cement market.
The Adani cement merger follows the group’s landmark acquisition of Holcim’s Indian cement assets in 2022 and signals a decisive push toward operational integration. By combining manufacturing, logistics, procurement, and sales operations, Adani expects the merged entity to unlock significant efficiencies and improve operating margins by as much as ₹100 per tonne.
Karan Adani, non-executive director at Ambuja Cements, said the consolidation would result in a stronger balance sheet, enabling faster capacity expansion and long-term growth. Industry experts believe the unified structure will also allow the group to better compete with other large cement producers at a national scale.
Importantly, while corporate governance and reporting will be streamlined, the Ambuja and ACC brands will continue to operate independently in the market. This approach helps preserve brand equity, customer loyalty, and eligibility for state-level incentives. Analysts at JM Financial noted that the Adani cement merger offers a premium to minority shareholders of Orient Cement and improves transparency across the group’s cement operations.
The merger process is expected to be completed within 12 months, subject to approvals from shareholders and the National Company Law Tribunal (NCLT). The appointed date for ACC’s merger has been set as 1 January 2026, while Orient Cement’s merger will take effect retrospectively from 1 May 2025.
Once completed, the Adani cement merger is expected to position Ambuja Cements as one of the most integrated and financially resilient cement platforms in India, reinforcing Adani Group’s growing influence in the country’s core infrastructure materials sector.
