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
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.[7]
From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[8] 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.[9] On 15 May 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[10]
In August 2023, Ambuja Cement acquired Sanghi Industries at an enterprise value of ₹5,000 crore.[11] In June 2024, Ambuja Cements acquired Hyderabad-based Penna Cement Industries at an enterprise value of ₹10,422 crore.[12]
In October 2024, Ambuja Cement acquired CK Birla Group's Orient Cement at an approximate value of ₹8,100 crore.[13][14]
Gallery
See also
- Tarachand Ghanshyamdas
External links
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 appoints Vinod Bahety as CEO, reassigns Ajay Kapur as MD Business Standard, 29 March 2025, retrieved 29 March 2025^
- Ambuja Cements AR 2024-25 Ambuja Cements Limited, retrieved 31 March 2026^
- Q4 & FY’25 Operational & Financial Highlights Ambuja Cements Limited, retrieved 28 May 2025^
- 2024-25 Q4 Results Ambuja Cements Limited, retrieved 28 May 2025^
- 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^
- Arijit Barman. JSW taps Carlyle to back bid for Holcim's Indian cement operations The Economic Times, retrieved 2022-04-21^
- Lalatendu Mishra. Adani buys Ambuja, ACC for $10.5 billion The Hindu, 2022-05-15, retrieved 2022-05-16^
- Ambuja Cements buys Sanghi Industries for ₹5,767 crore BusinessLine, 3 August 2023, retrieved 28 May 2025^
- Ambuja Cements to acquire Penna Cement for Rs 10,422 crore The Indian Express, 14 June 2024, retrieved 28 May 2025^
- Adani Group's Acquires CK Birla's Orient Cement at INR 8,100 Crore Bru Times News^
- 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^