![Gautam Adani handed over ACC Cement business to elder son, know what is the plan Gautam Adani elder son Karan Adani to handle ACC Cement business](https://images.tv9gujarati.com/wp-content/uploads/2022/09/Gautam-Adani-and-karan-Adani.jpg)
By Gautam Adani (Gautam Adani) The two giants acquired Ambuja Cements and ACC Ltd for $10.5 billion and handed over the reins to their 35-year-old eldest son Karan Adani. (Karan Adani) has given Both these companies are associated with cement manufacturing. Let us tell you that Karan Adani is currently handling the port business of Adani Group. He is the CEO of Adani Ports and Special Economic Zone. Gautam Adani has taken over the chairmanship of Ambuja Cement after the acquisition of two major cement companies, while handing over SCC to his elder son Karan Adani.
Let us tell you that Tata Group also once had a stake in ACC, but in 1999 it sold its stake to Ambuja Cements. The Adani Group has recently overtaken the Tata Group to become the country’s most valuable business group. ACC’s income is Rs. 16,151 crores. With Karan Adani taking over the reins of ACC Cements at such a time, the cement sector is expected to experience major upheaval.
Adani Group will be in the second position
According to sources, apart from fielding his son in the cement business, Gautam Adani is also planning to introduce senior professionals in the business. Let it be known that Adani Group has completed the acquisition of Ambuja Cements and ACC Limited. Adani Group will become the country’s second largest cement producer after acquiring two cement giants. At number one is Aditya Birla Group’s Ultratech Cement.
Karan Adani expands port business
Gautam Adani’s elder son Karan Adani currently earns Rs. 15,934 crores are handling port business. Where he was appointed as CEO in January 2016. Staying on top of this, he has expanded the company rapidly. After joining the Adani Group, both Ambuja and ACC Cements will benefit from synergies with the Adani infrastructure platform.
India will become a 25 to 30 trillion-dollar economy by 2050. India is the second largest producer of cement in the world, our per capita consumption is only 250 kg compared to China’s 1600 kg. This is about 7 times the headroom for growth. Long-term average growth in cement demand is expected to be 1.2 to 1.5 times GDP. Gautam Adani after acquisition of Ambuja and ACC Cement(Gautam Adani)That said, I also believe that Adani Group’s competency in terms of operational efficiency is second to none and we will benefit from the many acquisitions we have made over the years. As a result we expect significant margin expansion to make it the most profitable cement producer in the country.
. Source