Adani's Ambuja Cement Explores Acquisition Of Star Cement For Northeast Expansion

Adani Group's Ambuja Cement is reportedly in discussions to acquire Star Cement as part of its strategy to expand its footprint in India’s Northeast region. While the financial specifics of the potential deal remain undisclosed, sources indicate that consultancy firm EY has been engaged to evaluate the transaction.

Neither Adani Cement nor Star Cement has officially commented on the matter. However, a spokesperson from the Adani Group has been quoted, “The company is always evaluating options for growth opportunities.”

Star Cement, a dominant player in the Northeast market, has a total installed production capacity of 7.7 million tonnes per annum (mtpa). Its operations include a 1.67-mtpa integrated cement plant in Meghalaya and four grinding units. The company has ambitious plans to increase its capacity to 25 mtpa by 2030.

For Ambuja Cement, acquiring Star Cement would strengthen its presence in the strategically significant and high-demand Northeast market. Industry experts note that the move aligns with Adani Group’s broader vision of becoming a key player in India’s cement industry following its acquisition of Ambuja Cement and ACC Limited in 2022.

The acquisition, if finalised, could mark a pivotal moment in the region’s cement industry, given Star Cement's market leadership in the Northeast. Analysts expect further clarity as negotiations progress.