A few days after completing the acquisition of USD 6.5 billion Cement Ambuja and ACC, Gautam Adani billionaire said his group had planned to double the capacity of cement manufacturing and became the most profitable producer in the country.

He saw an increase in a variety of cement demand in India behind economic growth that broke the record and encouragement of the creation of government infrastructure, which would provide significant margin expansion.

In his speech made at an event to mark the acquisition completion on September 17, the founder and Chairman of the Adani Group said the Port-to-Energy conglomerate in one stroke became the second largest cement producer in the country. Adani Group last week completed the purchase of Swiss Holcim’s main shares in two companies.

Mentioning historic acquisition, he said this purchase was the largest M&A transaction in India in the infrastructure and materials and was closed in a record time of 4 months.

Our entry into this business occurred when India was at the peak of one of the biggest economic waves that were seen in the modern world,” he said in a speech, which was released on Monday.

Stating the reason to enter the cement room, he said while India was the second largest cement producer in the world, consumption per capita was only 250 kg compared to 1,600 kg of China.

This is almost a 7x head room for growth.” Also, “Because some government programs collect momentum, long-term average growth in cement demand is estimated at 1.2 to 1.5 times from GDP. We anticipate double this number,” he said.

With the planned trillion dollar investment in infrastructure and housing in this country, cement is attractive closeness with our infrastructure business, especially ports and group logistics businesses, green energy business, and e-commerce platforms that are being developed,” he said.

Adani Group’s competence in encouraging operational efficiency will produce a significant “margin expansion to become the most profitable cement producer in the country,” he said. “And we are anticipating from a capacity of 70 million tons to be 140 million tons in the next 5 years.”

In the philosophy of group growth, Adani, 60, said it was a belief in the story of Indian growth. India will be an economy of USD 25-30 trillion in 2050, which shows a very large growth prospect, he said.

This group is the largest solar company in the world and has made an investment of USD 70 billion in the net energy business including hydrogen green, he said. Adani Group is the largest airport operator in the country with 25 percent passenger traffic and 40 percent of air cargo.

This is the largest port and logistics company in the country with a market share of 30 percent.We are the largest integrated energy player in India, transmission, distribution, LNG, LPG, city gas, and gas pipeline distribution. Each of these businesses grows at a second digit level,” he said.

While this group has won several of the biggest road contracts in the country and is on its way to become the biggest player in this sector, a big IPO Adani Wilmar has made it the FMCG company the highest value in the country.

We have declared our path going forward in various new sectors that include data centers, super applications, aerospace and defense, industrial clouds, metals, and petrochemicals,” he said. “Our finances are stronger than before, and we continue to collect billions of dollars from the international market and strategic partners to further accelerate our growth.”

The Adani Group market layer, he said, was established in USD 260 billion – has grown faster than any company in India, he added.