Ambuja Cements Ltd., part of the Adani Group, has agreed to acquire Orient Cement Ltd. in a deal valued at 81 billion rupees ($963 million), as billionaire Gautam Adani continues to snap up makers of the key raw material needed for India’s infrastructure push.

Billionaire Gautam Adani-led Adani Group on Tuesday said it will acquire CK Birla group firm Orient Cement at a valuation of Rs 8,100 crore, as part of its expansion drive. With this acquisition Adani

Adani Group has acquired Orient Cement for Rs 8,100 crore, aiming to surpass 100+ MTPA operational capacity by FY25, further strengthening its position in India's cement industry.