New Delhi: The competition for dominance between Aditya Birla Group's UltraTech Cement and Adani Group's cement companies continues. UltraTech has recently bought a stake in India Cement and now Adani Group is planning to buy the India-based cement companies of German company Heidelberg Materials.

Potential deal

Adani Group's Ambuja Cement is considering buying Heidelberg's cement companies in India for around $1.2 billion (Rs 10,000 crore). Adani Group has started negotiations for this.

Heidelberg position

Heidelberg Materials is one of the largest cement companies in the world and operates in India through two companies named Heidelberg Cement and Zuari Cement. Heidelberg Cement is also listed on the stock exchange.

Impact on the stock market

After the news of Heidelberg companies buying the stock, the stock of Heidelberg Cement rose 18.34% from the previous closing price of Rs 218 to Rs 258. However, now it is trading 6.81% higher at Rs 233.64. On the other hand, Ambuja Cement's stock is trading at Rs 589.50 with a decline of 3.50%.

Previous purchases of Adani Group

The Adani Group entered the cement sector by buying Ambuja Cement and ACC from the Holsing Group for $6.4 billion in 2022. After this, he decided to buy Sanghi Cement for Rs 5,185 crore and Penna Cement for Rs 10,422 crore.

UltraTech's moves

UltraTech Cement has bought a 32.72% stake in India Cement and has also brought an open offer for a 26% stake. Thus, the potential partnership of Adani Group with Heidelberg can further increase the competition in the cement sector.