Shares of Kesoram Industries experienced a notable 5% surge following reports of interest from Adani-owned cement company in acquiring Kesoram’s cement assets. Adani Cements is actively contemplating a bid as part of its strategic pursuit to more than double its overall production capacity to 140 million tonnes per annum (MTPA) by FY28 through inorganic means.
While formal communication is awaited, insiders suggest that some bankers have reached out to the Adani Group, and discussions are underway. Sources close to the development indicate that the Adani Group is keenly interested in this prospect, aligning with their ambitious plans for aggressive production capacity expansion.
As of 10:13 am, Kesoram Industries’ shares continued their upward trend, trading 4.98% higher at ₹126.55, reflecting the market’s positive reception to the potential collaboration between Kesoram Industries and Adani Cements.