Adani Enterprises Limited (AEL) has announced the successful completion of the amalgamation of its wholly-owned subsidiary, Adani Cementation Limited, with Ambuja Cements Limited. This strategic move marks a significant development in the company's cement business operations.

Key Details of the Amalgamation

• Effective Date: August 1, 2025
• Appointed Date: April 1, 2024
• Regulatory Approval: National Company Law Tribunal, Ahmedabad Bench

Implications of the Merger

The amalgamation scheme, which received approval from the National Company Law Tribunal's Ahmedabad Bench, has resulted in the dissolution of Adani Cementation Limited without being wound up. This subsidiary has now been fully merged into Ambuja Cements Limited, potentially streamlining operations and enhancing synergies within the Adani Group's cement business.

Corporate Communication

Jatin Jalundhwala, Company Secretary & Joint President (Legal) of Adani Enterprises Limited, confirmed the completion of the merger in a formal communication to the stock exchanges. The company stated that all conditions specified under the scheme to make it effective have been fulfilled.

Recent Financial Performance

While the amalgamation news takes center stage, it's worth noting that Adani Enterprises has recently held its quarterly earnings call. On July 31, 2025, the company conducted an Analysts / Investors' Call to discuss the unaudited financial results for the quarter ended June 30, 2025. The audio recording of this call has been made available on the company's website, indicating AEL's commitment to transparency and investor communication.

Conclusion

The completion of this amalgamation is a strategic move that could potentially strengthen Adani Enterprises' position in the cement sector. As the effects of this merger unfold, stakeholders will be keenly watching how it impacts the company's operations and market standing in the coming quarters.

Adani Enterprises Limited (AEL), the flagship company of the Adani Group, has announced its financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported a mixed performance, with a decline in overall revenue but growth in its incubating businesses.

Revenue and Profit

AEL's total income for Q1 FY26 stood at ₹22,436.62 crore, down 14% from ₹26,066.72 crore in the same quarter last year. The company's consolidated profit after tax decreased to ₹976.48 crore, compared to ₹1,772.26 crore in Q1 FY25.

EBITDA Performance

Despite the overall revenue decline, AEL's incubating businesses showed strong growth. The EBITDA from incubating businesses increased by 5% year-on-year to ₹2,800 crore, contributing 74% to the company's Q1 FY26 results.

Segment Highlights

Airports

The airports business delivered exceptional performance, with EBITDA increasing by 61% year-on-year to ₹1,094 crore.

ANIL Ecosystem

Adani New Industries Limited (ANIL) commissioned India's first off-grid 5 MW Green Hydrogen pilot plant, marking a significant milestone in the country's clean energy transition.

Mining Services

The company signed two new Mine Development and Operation (MDO) agreements for coal mines in Madhya Pradesh.

Roads

Construction of the Ganga Expressway project has crossed 85% completion.

Management Commentary

Gautam Adani, Chairman of the Adani Group, stated, "Adani Enterprises has established itself as one of the world's most successful infrastructure incubators. The substantial rise in EBITDA contribution from our incubating businesses reflects strength and scalability of our operating model."

Future Outlook

AEL is poised for further growth with several large infrastructure assets set to become operational in the current fiscal year. These include the Navi Mumbai International Airport, a Copper Plant, and the Ganga Expressway, which are expected to unlock significant EBITDA and create long-term value.

Debt and Liquidity

As of June 30, 2025, AEL's net external debt stood at ₹52,667 crore. The company maintained a comfortable debt-equity ratio of 1.52 and an interest service coverage ratio of 2.61.

Conclusion

While Adani Enterprises faced challenges in overall revenue, its strategic focus on incubating businesses and infrastructure development continues to drive growth. The company's diverse portfolio and ongoing projects position it well for future expansion in key sectors of India's economy.