Ambuja Cements

Last updated

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
Company type Public
BSE:  500425
NSE:  AMBUJACEM
Industry Building materials
Founded1983;41 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.svg3,103 crore (US$370 million) (2024) [3]
Decrease2.svg2,335 crore (US$280 million) (2024) [3]
Total assets Increase2.svg44,129 crore (US$5.3 billion) (2024) [3]
Total equity Increase2.svg37,006 crore (US$4.4 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

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]

See also

Related Research Articles

<span class="mw-page-title-main">Rinker Group</span> Australian building products company

The Rinker Group was an Australian-headquartered multinational building products company. Before its acquisition by Cemex, it was listed on both the Australian Securities Exchange and the New York Stock Exchange.

New Delhi Television Ltd is an Indian news media company focusing on broadcast and digital news publication. The company is considered to be a legacy brand that pioneered independent news broadcasting in India, and is credited for launching the first 24x7 news channel and the first lifestyle channel in the country. It owns and operates the broadcast news channels of NDTV India and NDTV 24x7. The two channels of the company have received 32 Ramnath Goenka Excellence in Journalism Awards.

<span class="mw-page-title-main">Holcim</span> Swiss building materials and aggregates company, division of the Holcim Group

Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. When the merger was completed, the Holcim brand remained active within the group.

<span class="mw-page-title-main">ACC (company)</span> Indian cement manufacturing company

ACC Limited is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.

<span class="mw-page-title-main">Adani Group</span> Indian multinational conglomerate

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. More than 60% of its revenue is derived from coal-related businesses.

<span class="mw-page-title-main">Tata Chemicals</span> Indian company

Tata Chemicals Limited is an Indian multinational corporation with interests in chemicals, crop protection and specialty chemistry products. The company is headquartered in Mumbai and has operations across India, Europe, North America and Africa. Tata Chemicals is a part of the Tata Group and its shares are traded on the NSE and BSE. Tata Chemicals has a publicly listed subsidiary called Rallis India.

<span class="mw-page-title-main">Adani Ports & SEZ</span> Indian multinational port operator and logistics company

Adani Ports and Special Economic Zone Limited (APSEZ) is an Indian multinational port operator and logistics company, part of Adani Group. APSEZ is India's largest private port operator with a network of 12 ports and terminals, including India's first port-based SEZ at Mundra and the first deep water transshipment port at Thiruvananthapuram.

Narrotam Satyanarayan Sekhsaria is an Indian industrialist and philanthropist.

<span class="mw-page-title-main">Gautam Adani</span> Indian billionaire businessman (born 1962)

Gautam Shantilal Adani is an Indian businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.

<span class="mw-page-title-main">Essar Group</span> Indian Multinational Conglomerate

Essar Group is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy, infrastructure & logistics, metals & mining, technology, and retail. EGFL holds a nearly 100% stake in all its investments.

<span class="mw-page-title-main">Tata Docomo</span> Indian telecommunications company

Tata Docomo was an Indian mobile network operator, a wholly owned subsidiary of Tata Teleservices deriving its name from NTT Docomo who invested in the company in 2008. In October 2017, Bharti Airtel announced a merger deal with Tata Teleservices and the acquisition of Tata Docomo. As of 21 July 2019, all Tata Docomo users are merged with Airtel network and provided with all the Airtel services.

<span class="mw-page-title-main">GVK Industries</span> Indian conglomerate company

GVK Industries Limited is an Indian conglomerate headquartered in Hyderabad with interests in several sectors, including energy, airports, hospitality, transportation, real estate, pharmaceuticals, and technology. After acquiring Australian coal mines in Queensland for US$1.26 billion, GVK forecasts an investment of US$10 billion in mine, rail, and port projects. Its flagship company, GVK Power & Infrastructure Limited, is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) as NSE: GVKPIL.

<span class="mw-page-title-main">Adani Enterprises</span> Indian multinational holding company

Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.

<span class="mw-page-title-main">Institutional Investor Advisory Services</span>

Institutional Investor Advisory Services India Limited is an Indian proxy firm that provides voting recommendations on shareholder resolutions of Indian listed companies.

Tarmac is a British building materials company headquartered in Solihull, England. The company was formed as Lafarge Tarmac in March 2013, by the merger of Anglo American's Tarmac UK and Lafarge's operations in the United Kingdom. In July 2014, Anglo American agreed to sell its stake to Lafarge, to assist Lafarge in its merger with Holcim and allay competition concerns.

<span class="mw-page-title-main">Lafarge (company)</span> French industrial company

Lafarge is a French industrial company specialising in cement, construction aggregates, and concrete. It is the world's largest cement manufacturer. It was founded in 1833 by Joseph-Auguste Pavin de Lafarge and is a part of the Holcim Group.

The Holcim Group, legally known as Holcim Limited, is a Swiss multinational company that manufactures building materials. It has a presence in around 60 countries, and employs around 60,000 employees. Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials.

Suresh Kumar Neotia was an Indian industrialist, entrepreneur, art collector, philanthropist and the co-founder of Ambuja Cements and associated companies. He was the chairman of the Group till 2009 when he relinquished the position in favor of his co-founder, Narotam Sekhsaria, and remained as the Chairman Emeritus of the Group until his death. He was a recipient of Harvard Business School - Economic Times Award and was involved in many social activities which included the promotion of cultural organizations such as Anamika Kala Sangam and Padatik. The Government of India awarded him the third highest civilian honour of the Padma Bhushan, in 2008, for his contributions to trade and industry.

<span class="mw-page-title-main">Adani Green Energy</span> Indian renewable energy company

Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by Indian conglomerate Adani Group and minority-owned by TotalEnergies. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.

<span class="mw-page-title-main">Pramod Paliwal</span> Academician and Author

Pramod Paliwal is an author, academician, expert in Energy Sector Management and Energy Security. He is a Fellow of The Chartered Institute of Marketing, U.K. and is on the panel of Chair of Indian Studies Abroad in Energy Studies at Indian Council for Cultural Relations (ICCR), Ministry of External Affairs, Govt. of India. Paliwal is associated with the international crowdsourcing organization Wikistrat as an Honorary Senior Analyst in the area of energy. He has an interest in Natural Gas Distribution industry and Energy Branding.

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.