 | |
| Formerly | Gujarat Ambuja Cements Limited (1983–2007) |
|---|---|
| Company type | Public |
| BSE: 500425 NSE: AMBUJACEM | |
| Industry | Building materials |
| Founded | 1983; 42 years ago (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 |  ₹18,772crore (US$2.1 billion) (2024)[3] |
| ₹3,103 crore (US$360 million) (2024)[3] | |
| ₹2,335 crore (US$270 million) (2024)[3] | |
| Total assets |  ₹44,129 crore (US$5.1 billion) (2024)[3] |
| Total equity | ₹37,006 crore (US$4.2 billion) (2024)[3] |
| Owner | Adani Group (63.2%) |
Number of employees | 4,330 (2024)[3] |
| Parent | Adani Group |
| Website | www |
Ambuja Cements Limited, formerly known asGujarat Ambuja Cement Limited (GACL), is a major Indiancement producing company.[4] The Group markets cement and clinker for both domestic and export markets.
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₹2,140crore.[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 andACC 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]
