Ambuja Cements, a part of the Adani Group, announces the acquisition of My Home Group’s cement grinding unit in Tuticorin, Tamil Nadu, for Rs 413.75 crore. With a capacity of 1.5 MTPA, this strategic move aims to bolster Ambuja Cements’ coastal footprint in southern markets. The acquisition, funded through internal accruals, includes inheriting dealer networks and retaining employees for a seamless transition. Spread across 61 acres near Tuticorin Port, the unit benefits from a long-term fly ash agreement and provides access to the southern market customers. Leveraging coastal movement for cost-efficient operations, this acquisition adds value from the outset.