The latest one is the buyout of Hyderabad-based Penna Cement Industries for Rs 10,420 crore. Currently, Penna Cement has a total capacity of 10 mtpa and another 4 mtpa is under construction.

Incorporated in Oct 1991, Penna had a turnover of Rs 1,241 crore in FY24. In FY22, its turnover was Rs 3,204 crore. In May 2019, Penna had acquired Sri Lanka-based Singha Cement that operates a 0. ...

Ambuja Cements Ltd, a subsidiary of Adani Group, has signed a definitive agreement to acquire competitor Penna Cement Industries Limited for 104.2 billion rupees ($1.2 billion). This is reported in ...