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Ambuja Cements
Indian cement company From Wikipedia, the free encyclopedia
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Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is an Indian cement producing company, which markets cement and clinker for both domestic and export markets.
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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.[6]
From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[7] 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.[8] On 15 May 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[9]
In August 2023, Ambuja Cement acquired Sanghi Industries at an enterprise value of ₹5,000 crore.[10] In June 2024, Ambuja Cements acquired Hyderabad-based Penna Cement Industries at an enterprise value of ₹10,422 crore.[11]
In October 2024, Ambuja Cement acquired CK Birla Group's Orient Cement at an approximate value of ₹8,100 crore.[12][13]
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Gallery
Ambuja Tower corporate office in Ahmedabad
Ambuja Cements plant in Darlaghat, Himachal Pradesh
Ambuja Cements grinding unit in Howrah
See also
References
External links
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