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ITD Cementation Bags Rs.16.48 Billion Vadhvan Port Contract
ITD Cementation emerges lowest bidder for $198 million Vadhvan port deal.
ITD Cementation emerges lowest bidder for $198 million Vadhvan port deal.
The Adani Group's firm plans to make an open offer for ITD Cementation.
The acquisition is of an estimated $685 million which will enhance Adani Group’s EPC capabilities.
- Jayanta Basu, Managing Director, ITD Cementation India
- Jayanta Basu, Managing Director, ITD Cementation India
Promoter stake sale set to boost Adani's civil engineering capabilities
This would be Adani’s 11th acquisition in 2024 and is expected to be routed through AEL.
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