InvestorQ : What is the idea of Adani getting into cement business at this point?
prachi Patwardhan made post

What is the idea of Adani getting into cement business at this point?

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sara Kunju answered.
6 months ago
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Clearly, Adani with its strong infrastructure franchise, sees a logical fit in the cement business, which is becoming an economically attractive business at this point of time. Adani Enterprises, towards this effect, has incorporated a wholly-owned subsidiary, Adani Cement Industries. Adani Cements will be engaged in the manufacture and processing of all types of cements and other building products.

For the Adani group, this is also a value unlocking move in its infrastructure foray. In the last one year, most Adani stocks gained 200% to 400% and the time may actually be ripe now to get into new business areas. From an investment perspective, the Adani Group had already got a big boost after the MSCI had included 3 Adani companies in its benchmark index. Adani is already India’s second wealthiest man after Mukesh Ambani.

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