Adani’s New Testament Hunger and Political Access
Today’s biggest news is that Adani has made India’s biggest deal in Infrastructure & Material sector and bought stake in Ambuja Cement and ACC Cement from world’s largest cement company Holcim for 10.5 Billion Dollar (about Rs 82,000 crore). have taken.
Ambuja Cement and ACC Cement are the third and fourth number companies in India. In this sense, now Adani Cement has become one of the top cement companies in the country.
You will be surprised to know that Gautam Adani has registered a company named Adani Cement with Registrar Of Companies, Gujarat on June 11, 2021. That is, all this was decided long ago, we have got the news very late.
Foreign banks like Global Banks, Barclays Bank, Deutsche Bank and Indian banks like ICICI and Axis have come forward to support this deal.
The rapid progress Adani has made under Modi’s rule in India and the way his business empire has expanded can only be compared to American capital magnate “John D Rockefeller” who pioneered the American economy in the late 20th century. left a wide impact.
This deal has ensured that capital gets concentrated in a few corporate houses at the expense of India’s middle class. You see that wherever Adani is going, monopoly is increasing and competition is decreasing. Now that Adani has jumped in the field of cement too, he will emerge as the Undisputed King there too…!!!
If Ambuja Cement and ACC Cement combine these two companies, then their production capacity is 70 Million Tonnes Per Year. They have 23 Plants, 14 Grinding Stations and 80 Ready Mix Concrete Plants and 50,000 Channel Partners across the country. At present, 298 Million Tons of Cement is produced in the country every year. That is, Adani Group will now produce more than 23% of the country’s cement alone.
Adani Group believes that there will be a huge demand for cement in India. India is the second largest cement market in the world. However, India is far behind the world in terms of per capita consumption of cement. Cement consumption in India is 240 kg per person. The global average is 525 kg per person. In contrast, per capita cement consumption in China is 1600 kg. Adani expects cement demand in India to grow exponentially with the rise of the middle class.
