Gautam Adani, who took over as the Chairman of the company after the completion of the acquisition of Ambuja Cements and ACC by the Adani Group, today interacted with the shareholders and investors of the company for the first time. On Friday, it was announced by the Adani Group that it has acquired companies for a total of $ 6.5 billion (about Rs 52 thousand crore).
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“Today is a historic day. Historically, in one stroke we have now become the second largest cement producer in the country,” Gautam Adani began his speech. “The day is also historic as this acquisition transaction is the largest ever domestic acquisition and merger transaction in the infrastructure and materials sector in India. The transaction was also completed in a record time of four months,” said Gautam Adani. “We are delighted to enter this business at a time when India is on the verge of the biggest economic boom ever in the modern world,” he said in his speech.
Gautam Adani said that he is often asked about investments in the cement sector and explained the reason behind his foray into this sector. “I am often asked the question – Why cement? Taking this opportunity to talk about the logic behind entering this business, we have unwavering faith in India’s growth path. We believe that India will be $25-30 trillion by 2050. economy will become. I would like to mention here that India is the second largest cement producing country in the world even if you know the figures in this regard,” said Gautam Adani.
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“Our per capita cement consumption here is only 250 kg compared to 1,600 kg in China. This indicates that there is almost seven times the scope for growth. Moreover, with the accelerating several programs at the government level, the long-term average growth in cement demand is expected to be 1.2 times to 1.5 times GDP. In fact, our estimate is to double this number,” Gautam Adani also explained.
“With trillion-dollar investments in infrastructure and housing, a new development story is unfolding for our country. Cement will then be a suitable addition to our infrastructure business, especially Adani Group’s ports and communications as well as logistics business, green energy business and developed e-commerce platform,” believes Gautam Adani .
“Entering in this business will give us a significant competitive advantage and will allow us to gain tremendous leverage through this venture. I also believe that there is no one else today with the same operational capability as the Adani Group and that’s it. The reason being we will certainly benefit from the many acquisitions we have made over the years. As a result, we expect to expand by a significant margin to become the most profitable cement producer in the country,” said Gautam Adani.
“We estimate that this capacity will increase to 140 million tonnes from the current 70 million tonnes in the next five years. Needless to say, the combined strength of ACC and Ambuja’s leadership has boosted my confidence,” Gautam Adani said in his speech about the transaction.
Everything we do should be in line with the priorities of the nation and inspired by this vision of faith. The results of the value system developed by us and the belief in nation building are evident to all.
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