Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company.[1] 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 ₹2,140 crore.[2]
From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[3] 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.[4] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[5]
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Ambuja Tower corporate office in Ahmedabad
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Ambuja Cements plant in Darlaghat, Himachal Pradesh
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Ambuja Cements grinding unit in Howrah
See also
References
- ↑ Ambuja Cements India – Gujarat Ambuja Cement Limited Profile – Ambuja Cements History. Iloveindia.com(21 July 2007).
- ↑ Swiss co Holcim cements deal with Ambuja for ACC. The Hindu Business Line(21 January 2005).
- ↑ Swiss co Holcim cements deal with Ambuja for ACC. Business Standard(16 November 2016).
- ↑ JSW taps Carlyle to back bid for Holcim's Indian cement operations. The Economic Times. Retrieved 2022-04-21.
- ↑ Adani buys Ambuja, ACC for $10.5 billion. The Hindu(2022-05-15). Retrieved 2022-05-16.