Adani Group entity Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself. Ambuja Cements, on Tuesday, announced separate schemes of arrangement of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL).

Adani Group's Ambuja Cements is set to merge Saurashtra's Sanghi Industries and Andhra Pradesh's Penna Cement Industries into its operations. The merger streamlines the organization, enhances efficiency,

Adani Group consolidates cement operations by merging Sanghi Industries and Penna Cement with Ambuja Cements to enhance governance and competitiveness.

Adani Group will merge its recently acquired Sanghi Industries and Penna Cement with Ambuja Cements to consolidate cement operations in one unit, the conglomerate said Tuesday

India's Ambuja Cements will merge two of its recently purchased units into the company, it said on Tuesday, in a bid to streamline the structure of the Adani Group's cement businesses and simplify compliance requirements.

Adani Group will consolidate its cement operations by merging two units under Ambuja Cements Ltd. as billionaire Gautam Adani streamlines a business that is vital for India’s infrastructure push.

Ambuja Cements, owned by the Adani Group is going to merge Sanghi Industries and Penna Cement Industries with itself. The second-largest cement maker of the country announced separate schemes of arrangements for its subsidiaries - Sanghi Industries Ltd (SIL) and Penna Cement Ltd (PCIL) through a share swap ratio.