Ambuja Cements
 | ||
| Formerly | Gujarat Ambuja Cements Limited (1983–2007) | |
|---|---|---|
| Company type | Public | |
| BSE: 500425 NSE: AMBUJACEM | ||
| Industry | Building materials | |
| Founded | 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)[2] Vinod Bahety (CEO)Parent Adani Group | |
| Website | www | |
Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company.[5] The Group markets cement and clinker for both domestic and export markets.
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.[6]
From 2010 to 2022,
controlling stake in Ambuja Cements.[7] 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.[8] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[9]
In October 2024, Ambuja Cement acquired CK Birla's Orient Cement at an approximate value of INR 8,100 Crore.[10][11]
Gallery
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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.
- ^ "Ambuja Cements appoints Vinod Bahety as CEO, reassigns Ajay Kapur as MD". Business Standard. 29 March 2025. Retrieved 29 March 2025.
- ^ a b c d e f "Ambuja Cements Ltd. Financial Statements" (PDF). bseindia.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.
- ^ "Adani Group's Acquires CK Birla's Orient Cement at INR 8,100 Crore". Bru Times News.
- ^ "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.
