Ambuja Cements: Difference between revisions

| name = Ambuja Cements Limited

| type = [[Public company|Public]]

| traded_as = {{BSE|500425}}<br />{{NSE|AMBUJACEM}}

| logo = Ambuja logo.png

| logo_size =  

| company_vision =  

| foundation = 1983

| parent = [[Adani Group]]

| location = [[Mumbai]], [[Maharashtra]], India

| 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

| products = [[Cement]]

| 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 = {{increase}} {{INRConvert|3477.7|c}} (2023)<ref name="Financials"/>

| net_income = {{up}} {{INRConvert|2583.4|c}} (2023)<ref name="Financials"/>

| assets = {{increase}} {{INRConvert|51721.5|c}} (2023)<ref name="Financials"/>

| equity = {{increase}} {{INRConvert|31698.2|c}} (2023)<ref name="Financials"/>

| num_employees = 5,371(2022)<ref name="Financials"/>

| homepage = {{Official URL}}

'''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.

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>

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>

 

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{{Holcim}}

{{Nifty 200 companies}}