Ambuja Cements

Ambuja Cements Limited
	File:Ambuja logo.png
Traded as	BSE: 500425; NSE: AMBUJACEM
Industry	Building materials
Founded	1983
Headquarters	Mumbai, Maharashtra, India
Key people	Wavenia Wamesh (Chairman) Suresh Kumar Neotia (Founder); Narotam Sekhsaria (Co-Founder and Chairman Emeritus); Ajay Kapur (Whole-time Director & CEO)
Products	Cement
Revenue	₹39,674.7 crore (US$4.6 billion) (2023)
Operating income	₹3,477.7 crore (US$400 million) (2023)
Net income	₹2,583.4 crore (US$300 million) (2023)
Total assets	₹51,721.5 crore (US$5.9 billion) (2023)
Total equity	₹31,698.2 crore (US$3.6 billion) (2023)
Owner	Adani Group (63.2%)
Number of employees	5,371(2022)
Parent	Adani 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]

Ambuja Tower corporate office in Ahmedabad
Ambuja Cements plant in Darlaghat, Himachal Pradesh
Ambuja Cements grinding unit in Howrah

References[edit]

↑ "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". The Hindu Business Line. Retrieved 16 July 2010.
↑ "Ambuja Cements appoints Neeraj Akhoury as MD and CEO". Live Mint. 20 February 2020. Retrieved 20 February 2020.
↑ ^3.0 ^3.1 ^3.2 ^3.3 ^3.4 ^3.5 "Ambuja Cements Ltd. Financial Statements" (PDF). nseindia.com.
↑ "Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History". Iloveindia.com. 21 July 2007. Retrieved 16 July 2010.
↑ "Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved 16 July 2010.
↑ "Swiss co Holcim cements deal with Ambuja for ACC". Business Standard. 16 November 2016.
↑ Barman, Arijit. "JSW taps Carlyle to back bid for Holcim's Indian cement operations". The Economic Times. Retrieved 21 April 2022.
↑ 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]

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Template:Holcim

[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.

[Financials-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.

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Partnership[edit]

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References[edit]

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