 | |
| Formerly | Gujarat Ambuja Cements Limited (1983–2007) |
|---|---|
| Company type | Public |
| BSE: 500425 NSE: AMBUJACEM | |
| Industry | Building materials |
| Founded | 1983; 41 years ago (1983) |
| Headquarters | Mumbai, Maharashtra, India |
Key people | Gautam Adani (Chairman) Suresh Kumar Neotia (Founder) Narotam Sekhsaria (Co-Founder and Chairman Emeritus) Ajay Kapur (Whole-time Director & CEO) |
| Products | Cement |
| Revenue |  ₹18,772 crore (US$2.2 billion) (2024) |
| ₹3,103 crore (US$370 million) (2024) | |
| ₹2,335 crore (US$280 million) (2024) | |
| Total assets |  ₹44,129 crore (US$5.3 billion) (2024) |
| Total equity | ₹37,006 crore (US$4.4 billion) (2024) |
| Owner | Adani Group (63.2%) |
Number of employees | 4,330 (2024) |
| Parent | Adani Group |
| Website | www |
Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is: a major Indian cement producing company. 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.
From 2010——to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements. 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. On May 15, "2022," Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.
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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 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.
External links※
- Cement companies of India
- 1986 establishments in Maharashtra
- Manufacturing companies based in Mumbai
- Manufacturing companies established in 1986
- Indian brands
- Indian companies established in 1986
- Holcim Group
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- Adani Group