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ACC reports robust quarterly performance, Q3 operating EBITDA up 139% at Rs. 905 cr

January 25, 2024 Vinayak Barot

Ahmedabad, 25 January, 2024: ACC Limited, the most trusted legacy brand and one of India’s largest cement and building materials company of the diversified Adani Group, today announced robust Q3 FY’24 financial results on the back of a sharp growth in volume and improvement of important KPIs. Mr. Ajay Kapur, Whole Time Director & CEO, […]

Business

Ambuja Ranked No.1 and ACC at No.2 in ‘India’s Most Trusted Cement Brands 2023’ by TRA Research

April 12, 2023 Vinayak Barot

Mumbai, 12 April 2023: Ambuja Cement and ACC, the cement building and material companies of Adani Cement and part of Adani Group, have been recognised as India’s Most Trusted Cement Brands by TRA Research in its Brand Trust Report 2023, for second year in a row. Ambuja Cement and ACC rank amongst the top two cement […]

Business

ACC and Ambuja Cements will resume operations effective tomorrow at the Gagal and Darlaghat plants in Himachal Pradesh

February 21, 2023 Vinayak Barot

Adani Cements spokesperson said, We are happy to inform that all the stakeholders have come together and amicably resolved the ongoing discussions on the freight rates in the state of Himachal Pradesh. This outcome is positive for ACC & Ambuja Cements and all the stakeholders involved. In line with our commitments, we are pleased to […]

Business

Statement On Misleading News on Pledge of Shares of Ambuja Cement Ltd and ACC Ltd

February 2, 2023 Vinayak Barot

Ahmedabad, We have come across reports from various market sources with respect to Ambuja and our subsidiary ACC Ltd (ACC) claiming that shares of both Ambuja and ACC are pledged by Promoters as a part of the acquisition financing. Consequently, there are market rumors that amid market volatility, there is a requirement to meet the […]

Business

Adani becomes India’s second largest cement player

September 16, 2022 Vinayak Barot

Mumbai, 16 September 2022: The Adani Family, through Endeavour Trade and Investment Ltd (“BidCo”), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The […]