Acquiring Company
Ambuja Cements
Acquired Company
Penna Cement Industries
MumbaiHyderabadManufacturingConstructionBuilding MaintenanceBuilding MaterialWholesale Building MaterialsWholesaleManufacturingMiningBuilding MaterialDescription
Ambuja Cements has acquired Penna Cement Industries for ₹10,422 crore, adding 14 MTPA to its production capacity. This acquisition enhances Ambuja's presence in South India and aligns with its expansion goals. The company plans to grow its capacity to 140 MTPA by FY28, utilizing both acquisitions and brownfield projects. This move is part of Ambuja's strategy to strengthen its position as India's leading cement supplier.
Quick answer
Ambuja Cements is acquiring Penna Cement Industries for $0 million, announced June 8, 2025. Ambuja Cements is based in Mumbai, Maharashtra, India.
- How much did Ambuja Cements pay for Penna Cement Industries?
- The reported deal value is $0 million.
- What does Ambuja Cements do?
- Ambuja Cements Ltd. is among the leading cement companies in India.
- Where are Ambuja Cements and Penna Cement Industries based?
- Ambuja Cements is based in Mumbai, Maharashtra, India. Penna Cement Industries is based in Hyderabad, Telangana, India.
- Who are the decision-makers at Ambuja Cements?
- Fundz holds 4 contacts at Ambuja Cements. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Ambuja Cements, and when
When Ambuja Cements changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ambuja Cements raises, hires an executive or expands, scored against what you sell
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Frequently asked
Who acquired Penna Cement Industries?
Penna Cement Industries was acquired by Ambuja Cements, based in Mumbai. The deal was reported on June 8, 2025. Ambuja Cements Ltd. is among the leading cement companies in India. It is a member of the Adani Group - the largest and fastest-growing portfolio of diversified sustainable businesses. Ambuja Cements is privately held and operates in Manufacturing.
When did Ambuja Cements acquire Penna Cement Industries?
Ambuja Cements's acquisition of Penna Cement Industries was reported on June 8, 2025. Ambuja Cements has acquired Penna Cement Industries for ₹10,422 crore, adding 14 MTPA to its production capacity. This acquisition enhances Ambuja's presence in South India and aligns with its expansion goals. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penna Cement Industries do?
Penna Cement Industries is a leading cement manufacturer in South India. The company specializes in producing various types of cement and has a strong regional presence. It is privately held, operating in Manufacturing, and is based in Hyderabad.
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