Ambuja Cements Acquires Penna Cement in Rs 10,422 Cr Deal: A Strategic Move to Expand Footprint

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[Ambuja Cements](https://www.ambujacement.com/), a leading cement manufacturer in India, has announced the acquisition of [Penna Cement](https://www.pennacement.com/) for an enterprise value of Rs 10,422 crore. This strategic move marks a significant step for Ambuja Cements as it seeks to expand its footprint in the southern market and enhance its market share in the cement industry.

[Acquisition](https://www.google.com/search?q=acquisition) of Penna Cement, a significant player in the [South Indian cement market](https://www.google.com/search?q=south+indian+cement+market), will provide Ambuja Cements with access to a [new customer base](https://www.google.com/search?q=new+customer+base) and [distribution network](https://www.google.com/search?q=distribution+network) in the region. The deal also provides Ambuja Cements with [additional manufacturing capacity](https://www.google.com/search?q=additional+manufacturing+capacity), [raw material resources](https://www.google.com/search?q=raw+material+resources), and [synergies](https://www.google.com/search?q=synergies) in operations.

The acquisition comes at a time when the [Indian cement industry](https://www.google.com/search?q=indian+cement+industry) is witnessing [strong growth](https://www.google.com/search?q=strong+growth), fueled by [government infrastructure projects](https://www.google.com/search?q=government+infrastructure+projects) and [rising urbanization](https://www.google.com/search?q=rising+urbanization). This acquisition positions Ambuja Cements to [capitalize](https://www.google.com/search?q=capitalize) on this growth and further strengthen its market position.

Key Highlights:

Ambuja Cements acquires Penna Cement for Rs 10,422 crore.
The acquisition strengthens Ambuja’s presence in the Southern Indian market.
It provides access to a new customer base, distribution network, and manufacturing capacity.
The deal aligns with Ambuja’s strategy to expand its footprint and capitalize on industry growth.

This acquisition is expected to have a positive impact on Ambuja Cements’ financial performance in the coming years. It marks a significant milestone in the company’s journey to become a leading player in the [Indian cement industry](https://www.google.com/search?q=indian+cement+industry).