In the information given by Adani Enterprises to the stock market, it was said that the company is going to enter the cement sector. The name of the new company will be Adani cement.
The head-quarter of Adani Cement will be in Gujarat.
After making a mark in the port and airport business, the country’s second largest industrialist Gautam Adani is now going to enter the cement business. In the information given to the stock market, Adani Enterprises said that it is going to open a subsidiary company which will be named Adani Cement. For this, the authorized share capital will be Rs 10 lakh and paid-up capital will be Rs 5 lakh.
Adani Cement will be head-quartered in Gujarat. In fact, there is a lot of growth potential in the cement sector in the coming days. In such a situation, Gautam Adani is looking for opportunities for himself in this possibilities. Experts say that when the country’s economy recovers from the impact of Corona, there will be a boom in the cement sector. Morgan Stanley Managing Director Ridham Desai told ET Now that I would like to bet on the cement sector instead of metal for the coming days.
boom in cement sector
Desai said that the cement business is still completely domestic. At present, there is no challenge regarding the policy for this sector. The cement sector is completely dependent on the domestic demand. He believes that in the coming two years, there will be a boom in the cement sector in terms of volume. Presently, the presence of companies in this sector is limited, so when volumes pick up, they will have the pricing benefit. On the other hand, with the entry of a businessman like Gautam Adani, the positive attitude towards the country’s infra sector is also being stamped.
Adani is one step behind Ambani
Gautam Adani is currently the second richest person in the country. His net worth is $77 billion. So far this year, there has been a jump of $ 43.20 billion in his wealth. They are ranked 14th in the world. Mukesh Ambani is the richest person in India and the 12th richest person in the world with a net worth of $84.3 billion. Ambani’s wealth has jumped by $ 7.62 billion so far this year.
Preparing to bring IPO of two companies
This week news came that Gautam Adani is preparing to bring IPO of two companies. The names of Adani Wilmar and Adani Airport have appeared in this. Adani Wilmer has a big plan regarding the fund company. According to the company’s plan, Adani Wilmer will become India’s largest food company by 2027.
There are currently six companies listed
At present, six companies of the Adani Group are listed. The total market cap of six Adani Group companies recently crossed $100 billion. These six companies are – Adani Enterprises, Adani Port & SEZ, Adani Transmission, Adani Power, Adani Total Gas and Adani Green Energy.
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