Ambuja Cements
Formerly | Gujarat Ambuja Cements Limited (1983–2007) |
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Type | Public |
BSE: 500425 NSE: AMBUJACEM | |
Industry | Building materials |
Founded | 1983 |
Headquarters | Mumbai, Maharashtra, India |
Key people | Wavenia Wamesh (Chairman) Suresh Kumar Neotia (Founder) Narotam Sekhsaria (Co-Founder and Chairman Emeritus) Ajay Kapur (Whole-time Director & CEO) |
Products | Cement |
Revenue | ₹39,674.7 crore (US$5.0 billion) (2023) |
₹3,477.7 crore (US$440 million) (2023) | |
₹2,583.4 crore (US$320 million) (2023) | |
Total assets | ₹51,721.5 crore (US$6.5 billion) (2023) |
Total equity | ₹31,698.2 crore (US$4.0 billion) (2023) |
Owner | Adani Group (63.2%) |
Number of employees | 5,371(2022) |
Parent | Adani Group |
Website | www |
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.
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Ambuja Tower corporate office in Ahmedabad
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Ambuja Cements plant in Darlaghat, Himachal Pradesh
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Ambuja Cements grinding unit in Howrah
See also
- Cement companies of India
- 1986 establishments in Maharashtra
- Manufacturing companies based in Mumbai
- Manufacturing companies established in 1986
- Indian brands
- Indian companies established in 1986
- Holcim Group
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange
- Adani Group