Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is an 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 mi ...

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 Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

. From 2010 to 2022,

Holcim Holcim is a Swiss-based global building materials and Construction aggregate, aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge (company), Lafarge to form LafargeHolcim as the new c ...

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 15 May 2022,

Adani Group Adani Group (, ) is an Indian Multinational corporation, multinational Conglomerate (company), conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port, sea ...

acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion. In August 2023, Ambuja Cement acquired Sanghi Industries at an enterprise value of 5,000 crore. In June 2024, Ambuja Cements acquired

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

-based Penna Cement Industries at an enterprise value of 10,422 crore. In October 2024, Ambuja Cement acquired

CK Birla Group CKA Birla Group (previously CK Birla Group) is an Indian multinational conglomerate headquartered in Birla Tower on Barakhamba Road, New Delhi, India. The group has been historically led by industrialists Braj Mohan Birla and Ganga Prasad B ...

's Orient Cement at an approximate value of 8,100 crore.

Gallery

File:Ambuja Tower.jpg, Ambuja Tower corporate office in

Ahmedabad Ahmedabad ( ), also spelled Amdavad (), is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 ...

File:Ambuja cement company in beautiful location.jpg, Ambuja Cements plant in Darlaghat,

Himachal Pradesh Himachal Pradesh (; Sanskrit: ''himācāl prādes;'' "Snow-laden Mountain Province") is a States and union territories of India, state in the northern part of India. Situated in the Western Himalayas, it is one of the thirteen Indian Himalayan ...

File:Ambuja Cements Limited 20020400.jpg, Ambuja Cements grinding unit in

Howrah Howrah (; ; alternatively spelled as Haora) is a city in the Indian States and union territories of India, state of West Bengal. Howrah is located on the western bank of the Hooghly River, opposite to its twin city of Kolkata. Administratively ...

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 Adani Group

History

Gallery

See also

References

External links