Ambuja Cements Penna Acquisition Conference Call 2024

Ambuja Cements announced the acquisition of Penna Cement Industries for INR 10,422 crores, adding 14 million tons of cement capacity (10 operational, 4 under construction). The transaction will increase Ambuja's operational capacity to 89 million tons and strengthen its presence in South India while enabling Pan-India expansion through coastal logistics terminals and a self-discharging cement carrier.