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 ...
See also
*
Tarachand Ghanshyamdas
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