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Ambuja Cements

From Wikipedia, the free encyclopedia
Indian cement company

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
Company typePublic
BSE500425
NSEAMBUJACEM
IndustryBuilding materials
Founded1983; 43 years ago (1983)
Founders
HeadquartersMumbai,Maharashtra, India
Key people
ProductsCement
RevenueIncrease35,045crore (US$4.1 billion) (2025)
Decrease5,971 crore (US$710 million) (2025)
Increase5,158 crore (US$610 million) (2025)
Total assetsIncrease80,945 crore (US$9.6 billion) (2025)
Total equityIncrease63,811 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.comEdit this at Wikidata
Footnotes / references
Financials as of 31 March 2025[update].[4][5]

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

History

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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 for2,140crore.[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 andACC 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 of5,000 crore.[10] In June 2024, Ambuja Cements acquiredHyderabad-based Penna Cement Industries at an enterprise value of10,422 crore.[11]

In October 2024, Ambuja Cement acquiredCK Birla Group's Orient Cement at an approximate value of8,100 crore.[12][13]

Gallery

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See also

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References

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  1. ^"Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". The Hindu Business Line. Retrieved16 July 2010.
  2. ^"Ambuja Cements appoints Neeraj Akhoury as MD and CEO". Live Mint. 20 February 2020. Retrieved20 February 2020.
  3. ^"Ambuja Cements appoints Vinod Bahety as CEO, reassigns Ajay Kapur as MD". Business Standard. 29 March 2025. Retrieved29 March 2025.
  4. ^"Q4 & FY'25 Operational & Financial Highlights"(PDF). Ambuja Cements Limited. Retrieved28 May 2025.
  5. ^"2024-25 Q4 Results"(PDF). Ambuja Cements Limited. Retrieved28 May 2025.
  6. ^"Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved16 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. Retrieved21 April 2022.
  9. ^Mishra, Lalatendu (15 May 2022)."Adani buys Ambuja, ACC for $10.5 billion".The Hindu.ISSN 0971-751X. Retrieved16 May 2022.
  10. ^"Ambuja Cements buys Sanghi Industries for ₹5,767 crore".BusinessLine. 3 August 2023. Retrieved28 May 2025.
  11. ^"Ambuja Cements to acquire Penna Cement for Rs 10,422 crore".The Indian Express. 14 June 2024. Retrieved28 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.

External links

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