JSW, Adani set to battle for Holcim's India cement assets
Cement

JSW, Adani set to battle for Holcim's India cement assets

JSW Group reportedly is planning to compete aggressively with Adani Group for Holcim AG's local cement assets, paving way for a bidding battle to emerge as the country's second-biggest player in the cement industry.

JSW Group has reportedly revealed that it would be making a $7 billion bid for Ambuja Cements and ACC, the Holcim subsidiaries. However, speculations indicate that the deal value could go much higher to up to twice that number as both JSW and Adani chase ready-made assets that will be giving the winner a big presence in the market instantly. 

Holcim is believed to review bids from both Adani and JSW, but a deal would depend not just on financial but on other contractual terms with an inserted break-fee clause to get "high" compensation if the transaction fails. 


JSW Group reportedly is planning to compete aggressively with Adani Group for Holcim AG's local cement assets, paving way for a bidding battle to emerge as the country's second-biggest player in the cement industry.JSW Group has reportedly revealed that it would be making a $7 billion bid for Ambuja Cements and ACC, the Holcim subsidiaries. However, speculations indicate that the deal value could go much higher to up to twice that number as both JSW and Adani chase ready-made assets that will be giving the winner a big presence in the market instantly. Holcim is believed to review bids from both Adani and JSW, but a deal would depend not just on financial but on other contractual terms with an inserted break-fee clause to get high compensation if the transaction fails. 

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?