Ambuja Cements: Difference between revisions

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{{Use Indian English|date=June 2016}}
{{Use Indian English|date=June 2016}}
{{Infobox company
{{Infobox company
| name   = Ambuja Cements Limited
| name = Ambuja Cements Limited
| type   = [[Public Company|Public]]
| type = [[Public company|Public]]
| traded_as   = {{BSE|500425}}<br />{{NSE|AMBUJACEM}}
| traded_as = {{BSE|500425}}<br />{{NSE|AMBUJACEM}}
| logo   =  
| logo = Ambuja logo.png
| logo_size = 100px
| logo_size =  
| company_vision =  
| company_vision =  
| foundation     = 1983
| foundation = 1983
| parent         = [[LafargeHolcim]]
| parent = [[Adani Group]]
| location       = [[Mumbai]], [[Maharashtra]], India
| location = [[Mumbai]], [[Maharashtra]], India
| key_people     = [[Suresh Kumar Neotia]], Founder <br />[[Narotam Sekhsaria]],Co-Founder, Chairman<ref>{{cite web|url=http://www.thehindubusinessline.com/2006/01/05/stories/2006010503330100.htm |title=Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest |publisher=The Hindu Business Line |accessdate=16 July 2010}}</ref> <br />Neeraj Akhoury, Managing Director & CEO<ref>{{cite web|url=https://www.livemint.com/companies/news/ambuja-cements-appoints-neeraj-akhoury-as-md-and-ceo-11582207052782.html |title=Ambuja Cements appoints Neeraj Akhoury as MD and CEO |publisher=Live Mint |accessdate=20 February 2020}}</ref>
| key_people = [[Wavenia Wamesh]] (Chairman) [[Suresh Kumar Neotia]] (Founder)<br/>[[Narotam Sekhsaria]] (Co-Founder and Chairman Emeritus)<ref>{{cite web|url=http://www.thehindubusinessline.com/2006/01/05/stories/2006010503330100.htm |title=Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest |publisher=The Hindu Business Line |accessdate=16 July 2010}}</ref><br/> Ajay Kapur (Whole-time Director & CEO)<ref>{{cite web|url=https://www.livemint.com/companies/news/ambuja-cements-appoints-neeraj-akhoury-as-md-and-ceo-11582207052782.html |title=Ambuja Cements appoints Neeraj Akhoury as MD and CEO |date=20 February 2020 |publisher=Live Mint |accessdate=20 February 2020}}</ref>
| industry = [[Building material]]s  
| industry = [[Building material]]s
| products = [[Cement]]  
| products = [[Cement]]
| revenue = {{increase}} {{INRConvert|27684|c}} (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/cementmajor/ambujacements/AC18|title=Ambuja Cements Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| revenue = {{increase}} {{INRConvert|39674.7|c|lk=on}} (2023)<ref name="Financials">{{cite web|url=https://archives.nseindia.com/corporate/AmbujaOutcomeOfBoardMeetingFinancialResults_02052023154846.pdf|title=Ambuja Cements Ltd. Financial Statements|website=nseindia.com}}</ref>
| operating_income = {{decrease}} {{INRConvert|4025|c}} (2020)<ref name="Financials"/>
| operating_income = {{increase}} {{INRConvert|3477.7|c}} (2023)<ref name="Financials"/>
| net_income = {{decrease}} {{INRConvert|2763|c}} (2020)<ref name="Financials"/>
| net_income = {{up}} {{INRConvert|2583.4|c}} (2023)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|40182|c}} (2020)<ref name="Financials"/>
| assets = {{increase}} {{INRConvert|51721.5|c}} (2023)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|23680|c}} (2020)<ref name="Financials"/>
| equity = {{increase}} {{INRConvert|31698.2|c}} (2023)<ref name="Financials"/>
| num_employees = 4,625 (2020)<ref name="Financials"/>
| owner = [[Adani Group]] (63.2%)
| homepage       = [http://www.ambujacement.com/ www.ambujacement.com]
| num_employees = 5,371(2022)<ref name="Financials"/>
| homepage = {{Official URL}}
}}
}}


'''Ambuja Cements Limited''', formerly known as '''Gujarat Ambuja Cement Limited''', is an Indian major [[cement]] producing company.<ref>{{cite web|url=http://www.iloveindia.com/economy-of-india/top-50-companies/ambuja-cements.html |title=Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History |publisher=Iloveindia.com |date=21 July 2007 |accessdate=16 July 2010}}</ref> The Group markets cement and clinker for both domestic and export markets.
'''Ambuja Cements Limited''', formerly known as '''Gujarat Ambuja Cement Limited (GACL)''', is a major Indian [[cement]] producing company.<ref>{{cite web|url=http://www.iloveindia.com/economy-of-india/top-50-companies/ambuja-cements.html |title=Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History |publisher=Iloveindia.com |date=21 July 2007 |accessdate=16 July 2010}}</ref> The Group markets cement and clinker for both domestic and export markets.


==Partnership==
==Partnership==
The company has entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters' stake in the GACL for [[Indian rupee|INR]] 21.4 billion.<ref>{{cite web|url=http://www.thehindubusinessline.com/2005/01/21/stories/2005012102690100.htm |title=Swiss co Holcim cements deal with Ambuja for ACC |publisher=The Hindu Business Line |date=21 January 2005 |accessdate=16 July 2010}}</ref>
The company had entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters' stake in the GACL for [[Indian rupee|₹]]2,140 [[crore]].<ref>{{cite web|url=http://www.thehindubusinessline.com/2005/01/21/stories/2005012102690100.htm |title=Swiss co Holcim cements deal with Ambuja for ACC |publisher=The Hindu Business Line |date=21 January 2005 |accessdate=16 July 2010}}</ref>


Currently [[Holcim]] holds 61.62% of the shares in Ambuja Cements.
From 2010 to 2022, [[Holcim]] held a 61.62% [[controlling stake]] in Ambuja Cements.<ref>{{cite web |url=http://wap.business-standard.com/article/pti-stories/lafargeholcim-acquires-shares-worth-rs-1-832-cr-in-ambuja-acc-116111601129_1.html|title=Swiss co Holcim cements deal with Ambuja for ACC |publisher= Business Standard |date=16 November 2016}}</ref> On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and [[ACC (company)|ACC]] for sale.<ref>{{Cite news |last=Barman |first=Arijit |title=JSW taps Carlyle to back bid for Holcim's Indian cement operations |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/jsw-taps-carlyle-to-back-bid-for-holcims-indian-cement-operations/articleshow/90968721.cms |access-date=2022-04-21}}</ref> On May 15, 2022, [[Adani Group]] acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.<ref>{{Cite news |last=Mishra |first=Lalatendu |date=2022-05-15 |title=Adani buys Ambuja, ACC for $10.5 billion |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/Industry/adani-family-to-acquire-holcims-stake-in-ambuja-cement-acc-in-105-billion-deal/article65417633.ece |access-date=2022-05-16 |issn=0971-751X}}</ref>
<ref>{{cite web |url=http://wap.business-standard.com/article/pti-stories/lafargeholcim-acquires-shares-worth-rs-1-832-cr-in-ambuja-acc-116111601129_1.html|title=Swiss co Holcim cements deal with Ambuja for ACC |publisher= Business Standard |date=16 November 2016}}</ref>
 
<gallery>
File:Ambuja Tower.jpg|Ambuja Tower corporate office in [[Ahmedabad]]
File:Ambuja cement company in beautiful location.jpg|Ambuja Cements plant in [[Darlaghat]], [[Himachal Pradesh]]
File:Ambuja Cements Limited 20020400.jpg|Ambuja Cements grinding unit in [[Howrah]]
</gallery>


==See also==
==See also==
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==External links==
==External links==
*{{Official}}


{{Template:Nifty 200 companies}}
{{Holcim}}
{{Nifty 200 companies}}


[[Category: Cement companies of India]]
[[Category:1986 establishments in Maharashtra]]
[[Category:1986 establishments in Maharashtra]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Manufacturing companies based in Mumbai]]
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[[Category:Indian brands]]
[[Category:Indian brands]]
[[Category:Indian companies established in 1986]]
[[Category:Indian companies established in 1986]]
[[Category:Holcim Group]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Adani Group]]

Latest revision as of 13:16, 7 September 2023


Ambuja Cements Limited
Traded asBSE: 500425
NSE: AMBUJACEM
IndustryBuilding materials
Founded1983
HeadquartersMumbai, Maharashtra, India
Key people
Wavenia Wamesh (Chairman) Suresh Kumar Neotia (Founder)
Narotam Sekhsaria (Co-Founder and Chairman Emeritus)[1]
Ajay Kapur (Whole-time Director & CEO)[2]
ProductsCement
RevenueIncrease ₹39,674.7 crore (US$4.6 billion) (2023)[3]
Increase ₹3,477.7 crore (US$400 million) (2023)[3]
Increase ₹2,583.4 crore (US$300 million) (2023)[3]
Total assetsIncrease ₹51,721.5 crore (US$5.9 billion) (2023)[3]
Total equityIncrease ₹31,698.2 crore (US$3.6 billion) (2023)[3]
OwnerAdani Group (63.2%)
Number of employees
5,371(2022)[3]
ParentAdani Group
Website{{URL|example.com|optional display text}}

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company.[4] The Group markets cement and clinker for both domestic and export markets.

Partnership[edit]

The company had entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters' stake in the GACL for ₹2,140 crore.[5]

From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[6] On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale.[7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[8]

See also[edit]

References[edit]

  1. ↑ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". The Hindu Business Line. Retrieved 16 July 2010.
  2. ↑ "Ambuja Cements appoints Neeraj Akhoury as MD and CEO". Live Mint. 20 February 2020. Retrieved 20 February 2020.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 "Ambuja Cements Ltd. Financial Statements" (PDF). nseindia.com.
  4. ↑ "Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History". Iloveindia.com. 21 July 2007. Retrieved 16 July 2010.
  5. ↑ "Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved 16 July 2010.
  6. ↑ "Swiss co Holcim cements deal with Ambuja for ACC". Business Standard. 16 November 2016.
  7. ↑ Barman, Arijit. "JSW taps Carlyle to back bid for Holcim's Indian cement operations". The Economic Times. Retrieved 21 April 2022.
  8. ↑ Mishra, Lalatendu (15 May 2022). "Adani buys Ambuja, ACC for $10.5 billion". The Hindu. ISSN 0971-751X. Retrieved 16 May 2022.

External links[edit]

  • {{URL|example.com|optional display text}}

Template:Holcim

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