Ambuja Cement scouts for buys in ready-mix concrete
LafargeHolcim-controlled Ambuja Cement is looking to acquire capacities in ready-mix concrete (RMC) and aggregates businesses to fuel growth. The company is also on the look out for adding cement capacities, if the valuations serve right. “The company continues to look at all growth options in cement and other building materials segments like ready-mix concrete (RMC) and aggregates,” a company official told. The official added, “Inorganic growth in cement business depends on value-accretive options.” Ambuja Cements was one of the firms which had bid for Binani Cement last year, but lost out to UltraTech over a higher valuation. Analysts see the move as an attempt to move towards being a building materials company and not a pure cement maker.
Tags : ALLIED