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Ambuja Cements has received board approval to merge with ACC and Orient Cement, a consolidation that will create a single national cement platform under the Adani Group. The announcement on December 23 prompted a 4.3 percent rise in Ambuja Cements' share price.

The proposed merger is designed to unify corporate structures, optimize manufacturing and logistics networks, and strengthen the combined entity's balance sheet for more efficient capital allocation. The consolidation is expected to be finalized within the next twelve months.

Under the merger terms, Ambuja Cements will issue new shares to shareholders of the merging companies. For every 100 shares of ACC, eligible shareholders will receive 328 equity shares of Ambuja. Similarly, shareholders of Orient Cement will receive 33 Ambuja shares for every 100 shares they hold.

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Company leadership stated the merger is a strategic move to build a globally competitive organization. They emphasized that the unified structure will enhance operational efficiency, support significant capacity expansion plans, and improve financial performance. The company projects the consolidation will help reduce costs and improve margins by at least 100 rupees per metric tonne.

This initiative supports Ambuja Cements' previously announced goal to increase its total production capacity from 107 million tonnes per annum to 155 million tonnes per annum by the 2028 fiscal year.