Ambuja Cements

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.

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
TypePublic
BSE: 500425
NSE: AMBUJACEM
IndustryBuilding materials
Founded1983 (1983)
HeadquartersMumbai, Maharashtra, India
Key people
Wavenia Wamesh (Chairman) Suresh Kumar Neotia (Founder)
Narotam Sekhsaria (Co-Founder and Chairman Emeritus)[1]
Ajay Kapur (Whole-time Director & CEO)[2]
ProductsCement
RevenueIncrease ₹39,674.7 crore (US$5.0 billion) (2023)[3]
Increase ₹3,477.7 crore (US$440 million) (2023)[3]
Increase ₹2,583.4 crore (US$320 million) (2023)[3]
Total assetsIncrease ₹51,721.5 crore (US$6.5 billion) (2023)[3]
Total equityIncrease ₹31,698.2 crore (US$4.0 billion) (2023)[3]
OwnerAdani Group (63.2%)
Number of employees
5,371(2022)[3]
ParentAdani Group
Websitewww.ambujacement.com

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]

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. "Ambuja Cements Ltd. Financial Statements" (PDF). nseindia.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.
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