India, Dec. 23 -- Billionaire Gautam Adani is folding his cement empire into one single entity, in what is seen as an attempt to streamline operations and take on market leader UltraTech Cement Ltd in India's rapidly consolidating infrastructure space.

The board of Ambuja Cements Ltd. has approved the merger of ACC Ltd. and Orient Cement Ltd. with the flagship Adani Cements company, according to an exchange filing on Monday, 22 December 2025. The deal creates a so-called "One Cement" platform to eliminate the corporate overlap that has been prevalent since Adani Group acquired Holcim AG's India assets in 2022.

The idea is to unlock synergies in manufacturing and logistics, optimise cost related to sales and marketing, and strengthen the...