Ambuja Cements Can Bolster South Foothold With Orient Acquisition, Says Nomura
Excluding the Orient acquisition, the Adani Group-owned cement manufacturer will register a capacity CAGR of 18% versus 9% for industry leader UltraTech Cement Ltd., Nomura said. The newsflow is positive for Ambuja Cements and the industry at large, Morgan Stanley said in a report after the acquisition.