Ambuja Cements

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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$5.6 billion) (2023)[3]
Increase ₹3,477.7 crore (US$490 million) (2023)[3]
Increase ₹2,583.4 crore (US$360 million) (2023)[3]
Total assetsIncrease ₹51,721.5 crore (US$7.3 billion) (2023)[3]
Total equityIncrease ₹31,698.2 crore (US$4.4 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}}

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