Adani Group acquires Penna Cement at enterprise value of Rs. 10,422 crore
Acquisition adds 14 MTPA capacity, total now 89 MTPA Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore. Ambuja will acquire 100% shares of PCIL […]
Mahindra signs MoU with Adani Total Energies E-Mobility Limited,Broadening EV Charging Infrastructure Access
In a landmark move to accelerate the adoption of electric vehicles (EV) in India, Mahindra & Mahindra, India’s leading SUV manufacturer, announced the signing of a memorandum of understanding (MoU)With Adani Total Energies E-Mobility Limited (ATEL), a wholly owned subsidiary Adani Total Gas Limited. This collaboration signifies a giant leap towards building a greener, more […]