Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is a major Indian

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel (aggregate) together. Cement mixe ...

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 INR 21.4 billion. Currently

Holcim Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 202 ...

holds 61.62% of the shares 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 Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...

acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.

References

External links

{{Nifty 200 companies 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

Partnership

See also

References

External links