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Adani Enterprises to foray into cement business



The Adani Group’s flagship company Adani Enterprises has incorporated a new wholly-owned subsidiary Adani Cement Industries with an authorized share capital of Rs 10 lakh and paid-up capital of Rs 5 lakh, the company today informed the stock exchanges.

The newly incorporated company will be headquartered in Gujarat, Adani Enterprises said in a regulatory filing.

“ACIL is incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 11th June, 2021 and is yet to commence its business operations,” stated the filing.

The company will carry on business as manufacturers, producers, processors of all types of cements.

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