The Adani Group on Monday issued a strong denial against circulating reports claiming that the Assam government had allotted 3,000 bighas of land in DimaHasao district for a cement plant linked to the conglomerate.
In a media statement from Ahmedabad, the group clarified that Mahabal Cement has no ownership, connection, or affiliation with Adani Group. “These reports and references are baseless, false and misleading. Linking the Adani name to Mahabal Cement is mischievous,” the spokesperson said, urging media and social media users to verify facts before sharing information.
The statement read:
“It has come to our notice that certain news reports, social media posts and clips from court hearings are being circulated, claiming that the Assam Government has allotted 3000 bighas in DimaHasao to the Adani Group for a cement plant.
We categorically state that these reports and references are baseless, false and misleading. Linking the Adani name to Mahabal Cement is mischievous. Mahabal Cement is not related to, owned by or connected with the Adani Group in any manner whatsoever.
We strongly urge members of the media, digital platforms and the public to verify facts before making or sharing such claims. The circulation of unverified and misleading content not only misinforms the public but also creates unnecessary confusion.”
The clarification is expected to stabilize investor sentiment, as previous speculation had briefly fueled uncertainty in local real estate and industrial sectors. Analysts suggest that cement and construction materials markets could see steadier activity following official confirmation of no involvement from the Adani Group.