Ambuja Cements

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
Company typePublic
BSE: 500425
NSE: AMBUJACEM
IndustryBuilding materials
Founded1983; 42 years ago (1983)
HeadquartersMumbai, 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]
ProductsCement
RevenueDecrease ₹18,772 crore (US$2.2 billion) (2024)[3]
Decrease ₹3,103 crore (US$360 million) (2024)[3]
Decrease ₹2,335 crore (US$270 million) (2024)[3]
Total assetsIncrease ₹44,129 crore (US$5.2 billion) (2024)[3]
Total equityIncrease ₹37,006 crore (US$4.3 billion) (2024)[3]
OwnerAdani Group (63.2%)
Number of employees
4,330 (2024)[3]
ParentAdani Group
Websitewww.ambujacement.com Edit this at Wikidata

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.

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. ^ a b c d e f "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.