Ambuja Cements to acquire Tuticorin grinding unit for Rs 414 crore

by moneysukh
Published: April 17, 2024 (3 months ago)
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India’s most trusted cement brand and a leading cement manufacturer and supplier, Ambuja Cements Ltd., has signed a definitive agreement with My Home Industries Private Limited for the acquisition of its 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. Located near the Tuticorin Port, the asset will be value accretive as it will aid in enhancing Ambuja’s coastal footprint across the southern markets of Tamil Nadu and Kerala.