Ambuja Cements

Ambuja Cements Limited
FormerlyGujarat Ambuja Cements Limited (1983–2007)
TypePublic
BSE500425
NSEAMBUJACEM
IndustryBuilding materials
Founded1983; 40 years ago (1983)
HeadquartersMumbai, Maharashtra, India
Key people
Wavenia Wamesh (Chairman) Suresh Kumar Neotia (Founder)
Narotam Sekhsaria (Co-Founder and Chairman Emeritus)
Ajay Kapur (Whole-time Director & CEO)
ProductsCement
RevenueIncrease 39,674.7 crore (US$5.0 billion) (2023)
Increase 3,477.7 crore (US$440 million) (2023)
Increase 2,583.4 crore (US$320 million) (2023)
Total assetsIncrease 51,721.5 crore (US$6.5 billion) (2023)
Total equityIncrease 31,698.2 crore (US$4.0 billion) (2023)
OwnerAdani Group (63.2%)
Number of employees
5,371(2022)
ParentAdani Group
Websitewww.ambujacement.com Edit this at Wikidata

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

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.

From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements. 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. On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.

See also


This page was last updated at 2023-10-28 03:46 UTC. Update now. View original page.

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