Ambuja Cements

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is an major Indian cement producing company.[4] The Group markets cement and clinker for both domestic and export markets.

Ambuja Cements Limited
TypePublic
BSE: 500425
NSE: AMBUJACEM
IndustryBuilding materials
Founded1983
HeadquartersMumbai, Maharashtra, India
Key people
Suresh Kumar Neotia, Founder
Narotam Sekhsaria,Co-Founder, Chairman[1]
Neeraj Akhoury, Managing Director & CEO[2]
ProductsCement
Revenue ₹27,684 crore (US$3.6 billion) (2020)[3]
₹4,025 crore (US$530 million) (2020)[3]
₹2,763 crore (US$360 million) (2020)[3]
Total assets ₹40,182 crore (US$5.3 billion) (2020)[3]
Total equity ₹23,680 crore (US$3.1 billion) (2020)[3]
Number of employees
4,625 (2020)[3]
ParentHolcim Group
Websitewww.ambujacement.com

Partnership

The company has 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 INR 21.4 billion.[5]

Currently Holcim holds 61.62% of the shares 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 and ACC for sale.[7]

See also

References
  1. "Sharp rise in Gujarat Ambuja trading volumes, share price Market buzz on Holcim interest". The Hindu Business Line. Retrieved 16 July 2010.
  2. "Ambuja Cements appoints Neeraj Akhoury as MD and CEO". Live Mint. Retrieved 20 February 2020.
  3. "Ambuja Cements Ltd. Financial Statements". moneycontrol.com.
  4. "Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History". Iloveindia.com. 21 July 2007. Retrieved 16 July 2010.
  5. "Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved 16 July 2010.
  6. "Swiss co Holcim cements deal with Ambuja for ACC". Business Standard. 16 November 2016.
  7. Barman, Arijit. "JSW taps Carlyle to back bid for Holcim's Indian cement operations". The Economic Times. Retrieved 21 April 2022.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.