Adani Group Expands Footprint: Acquires ITD Cementation

The Adani Group's aggressive expansion continues with the latest acquisition of ITD Cementation India. The Dubai-based firm, Renew Exim DMCC, has entered into an agreement to purchase a 46.64% stake in ITD Cementation from its promoters for a substantial Rs 3,204 crore.

About ITD Cementation: ITD Cementation India is a renowned engineering and construction company with a strong presence in various sectors, including infrastructure, water resources, and buildings. The company has a proven track record of delivering complex projects on time and within budget.

Adani's Growing Empire: This acquisition marks another significant step in the Adani Group's rapid expansion. The conglomerate has been actively investing in various sectors, including infrastructure, energy, and logistics. The acquisition of ITD Cementation aligns with the group's strategy of strengthening its presence in the infrastructure and construction sector.

Impact on the Industry: The Adani Group's entry into ITD Cementation is expected to have a positive impact on the Indian construction industry. The group's financial resources and expertise can help ITD Cementation to undertake larger and more complex projects, contributing to the overall growth of the sector.

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