Jump to content

Ambuja Cements

From Wikipedia, the free encyclopedia

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
Company typePublic
BSE: 500425
NSE: AMBUJACEM
IndustryBuilding materials
Founded1983; 42 years ago (1983)
Founders
HeadquartersMumbai, Maharashtra, India
Key people
ProductsCement
RevenueIncrease ₹35,045 crore (US$4.1 billion) (2025)
Decrease ₹5,971 crore (US$710 million) (2025)
Increase ₹5,158 crore (US$610 million) (2025)
Total assetsIncrease ₹80,945 crore (US$9.6 billion) (2025)
Total equityIncrease ₹63,811 crore (US$7.5 billion) (2025)
OwnerAdani Group (63.2%)
Number of employees
4,330 (2024)
ParentAdani Group
Subsidiaries
  • ACC
  • Penna Cement
  • Sanghi Industries
  • Orient Cement
Websitewww.ambujacement.com Edit this at Wikidata
Footnotes / references
Financials as of 31 March 2025.[4][5]

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is an Indian cement producing company, which markets cement and clinker for both domestic and export markets.

History

[edit]

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, Holcim held a 61.62% 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 15 May 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[9]

In August 2023, Ambuja Cement acquired Sanghi Industries at an enterprise value of ₹5,000 crore.[10] In June 2024, Ambuja Cements acquired Hyderabad-based Penna Cement Industries at an enterprise value of ₹10,422 crore.[11]

In October 2024, Ambuja Cement acquired CK Birla Group's Orient Cement at an approximate value of ₹8,100 crore.[12][13]

[edit]

See also

[edit]

References

[edit]
  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 appoints Vinod Bahety as CEO, reassigns Ajay Kapur as MD". Business Standard. 29 March 2025. Retrieved 29 March 2025.
  4. ^ "Q4 & FY'25 Operational & Financial Highlights" (PDF). Ambuja Cements Limited. Retrieved 28 May 2025.
  5. ^ "2024-25 Q4 Results" (PDF). Ambuja Cements Limited. Retrieved 28 May 2025.
  6. ^ "Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved 16 July 2010.
  7. ^ "Swiss co Holcim cements deal with Ambuja for ACC". Business Standard. 16 November 2016.
  8. ^ Barman, Arijit. "JSW taps Carlyle to back bid for Holcim's Indian cement operations". The Economic Times. Retrieved 21 April 2022.
  9. ^ Mishra, Lalatendu (15 May 2022). "Adani buys Ambuja, ACC for $10.5 billion". The Hindu. ISSN 0971-751X. Retrieved 16 May 2022.
  10. ^ "Ambuja Cements buys Sanghi Industries for ₹5,767 crore". BusinessLine. 3 August 2023. Retrieved 28 May 2025.
  11. ^ "Ambuja Cements to acquire Penna Cement for Rs 10,422 crore". The Indian Express. 14 June 2024. Retrieved 28 May 2025.
  12. ^ "Adani Group's Acquires CK Birla's Orient Cement at INR 8,100 Crore". Bru Times News.
  13. ^ "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.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Ambuja_Cements&oldid=1292788958"