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News ACC and Ambuja Cements to sell Sanghi Industries’ cement under their brands

ACC and Ambuja Cements to sell Sanghi Industries’ cement under their brands

Written by Global Cement staff 09 February 2024
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India: Sanghi Industries has received shareholder approval to supply its cement and clinker to ACC and Ambuja Cements. Additionally, Sanghi Industries will begin to purchase of coal from fellow Adani Group subsidiary Adani Enterprises, according to the Economic Times newspaper. Under the new arrangements, ACC and Ambuja Cements will sell Sanghi Industries’ cement and clinker under their own brands, at a price 10% above production cost. This is reportedly below industry pricing standards for comparable deals of 25 - 30% higher pricing over costs.

Adani Group subsidiary Ambuja Cements acquired a 57% stake in Sanghi Industries on 5 December 2023.

Last modified on 14 February 2024
Published in Global Cement News
Tagged under
  • Adani Group
  • India
  • Sanghi Industries
  • Ambuja Cements
  • ACC
  • Adani Enterprises
  • Coal
  • Clinker
  • cement
  • supply chain
  • marketing
  • Brand
  • Price
  • market
  • Merger
  • GCW646
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