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Adani cement business to cut reliance on distributors to boost profits

Varun Sood 2 min read 08 Oct 2023, 11:27 PM IST
Gautam Adani-owned Adani Group became India’s second-biggest cement maker in May last year after it paid $10.5 billion to Holcim to buy Ambuja Cements and its subsidiary ACC. (Mint)
Gautam Adani-owned Adani Group became India’s second-biggest cement maker in May last year after it paid $10.5 billion to Holcim to buy Ambuja Cements and its subsidiary ACC. (Mint)

Summary

As part of a pilot project, Ambuja Cements Ltd and ACC Ltd have reduced the number of distributors from 12 to three in the south Gujarat region

The Adani Group’s cement businesses are looking to cut their reliance on distributors or wholesalers as the country’s second-largest cement maker looks to boost its profitability.

As part of a pilot project, Ambuja Cements Ltd and ACC Ltd have reduced the number of distributors from 12 to three in the south Gujarat region, which is home to half of the state’s small and medium industries and a fifth of the state’s population. Both cement firms are expected to reduce the number of distributors across the country in the coming months, according to an executive briefed on the development.

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