Ambuja Cements

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Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
Company type Public
BSE:  500425
NSE:  AMBUJACEM
Industry Building materials
Founded1983;42 years ago (1983)
Headquarters Mumbai, Maharashtra, India
Key people
 Gautam Adani (Chairman) Suresh Kumar Neotia (Founder)
Narotam Sekhsaria (Co-Founder and Chairman Emeritus) [1]
Ajay Kapur (Whole-time Director & CEO) [2]
Products Cement
RevenueDecrease2.svg ₹ 18,772 crore (US$2.2 billion) (2024) [3]
Decrease2.svg₹3,103 crore (US$360 million) (2024) [3]
Decrease2.svg₹2,335 crore (US$270 million) (2024) [3]
Total assets Increase2.svg₹44,129 crore (US$5.1 billion) (2024) [3]
Total equity Increase2.svg₹37,006 crore (US$4.3 billion) (2024) [3]
Owner Adani Group (63.2%)
Number of employees
4,330 (2024) [3]
Parent Adani Group
Website www.ambujacement.com OOjs UI icon edit-ltr-progressive.svg

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.

Contents

Acquisition & Partnership

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]

In October 2024, Ambuja Cement acquired CK Birla's Orient Cement at an approximate value of INR 8,100 Crore. [9] [10]

See also

References

  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. 1 2 3 4 5 6 "Ambuja Cements Ltd. Financial Statements" (PDF). bseindia.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.
  9. ↑ "Adani Group's Acquires CK Birla's Orient Cement at INR 8,100 Crore". Bru Times News.
  10. ↑ "Ambuja to acquire Orient Cement at equity value of Rs 8,100 crore; to make open offer to acquire additional 26% stake". The Economic Times. 22 October 2024.
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