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.
 | |
| 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 & CEO)[2] |
| Products | Cement |
| Revenue |  ₹18,772 crore (US$2.2 billion) (2024)[3] |
| ₹3,103 crore (US$370 million) (2024)[3] | |
| ₹2,335 crore (US$280 million) (2024)[3] | |
| Total assets |  ₹44,129 crore (US$5.3 billion) (2024)[3] |
| Total equity | ₹37,006 crore (US$4.4 billion) (2024)[3] |
| Owner | Adani Group (63.2%) |
Number of employees | 4,330 (2024)[3] |
| Parent | Adani Group |
| Website | www |
Acquisition & Partnership
editThe 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]
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
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References
edit- ^ "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). 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.
- ^ Mishra, Lalatendu (15 May 2022). "Adani buys Ambuja, ACC for $10.5 billion". The Hindu. 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.