Adani Group expands Sanghipuram port for larger vessel handling

The Adani Group is set to enhance the captive port capacity of Sanghipuram to manage vessels of 8,000 DWT, according to APSEZ CEO Karan Adani. Concurrently, Adani’s subsidiary, Ambuja Cements, will acquire a majority stake in Sanghi Industries (SIL) for INR 5,000 crore, solidifying its presence in the cement market. The deal entails Ambuja Cements acquiring 56.74 percent of SIL shares from its existing promoter group. The strategy includes investment in deepening and expanding the port to support larger vessel handling and creating bulk terminals along the western coast for cost-efficient clinker and cement transportation. This move aligns with Adani’s goal to be the lowest-cost cement supplier in target markets.

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