Ambuja Cements
Parent Adani Group | | |
| Website | www | |
|---|---|---|
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
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,
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
See also
References
- ^ "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.
- ^ a b c d e f "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.
- ISSN 0971-751X. Retrieved 16 May 2022.
