Gautam Adani is planning to land his son in the cement business
Apart from bringing his son Karan Adani into the cement business, Gautam Adani is also planning to rope in senior professionals in this business. Let us inform that the Adani Group has completed the acquisition of Ambuja Cements and ACC Ltd.
Gautam Adani has decided to acquire two giant companies for $10.5 billion and hand over their operations to his elder son Karan Adani. Both these companies are involved in cement manufacturing. Please tell that Karan Adani currently looks after the port business of Adani Group. He is the CEO of Adani Ports and Special Economic Zone.
Sources have been quoted in media reports as saying that apart from putting his son in the cement business, Gautam Adani is also planning to introduce senior professionals in this business.
Adani Group has completed the acquisition of Ambuja Cements and ACC Ltd. Adani Group will be the second largest cement manufacturing company in the country after the acquisition of two cement giants. Aditya Birla Group’s UltraTech Cement is at number one.
According to media reports, the Adani Group is working on a plan to synergize the group’s ports and cement businesses to form an integrated logistics firm and for this, Karan Adani has been appointed as non-executive director of Ambula Cement. PLC/GT