Business

Adani Cement refinances USD 3.5 billion from 10 international banks, terming out the acquisition finance facility by a tenor of 3 years

October 20, 2023 Vinayak Barot

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Mauritius, 20 October 2023: Adani Cement, through Endeavour Trade and Investment Ltd, is pleased to announce the successful completion of its refinancing program for acquisition debt taken for Ambuja and ACC, through a USD 3,500 million financing package, raised from a clutch of international banks. This showcases Adani’s robust access to the global financial market […]

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Business

Ambuja Cements will acquire 56.74% shares of Sanghi Industries from its existing promoter group, Mr Ravi Sanghi & family

August 3, 2023 Vinayak Barot

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I am pleased to announce that the Board of Directors of Ambuja Cements have approved the acquisition of Sanghi Industries Ltd  at an Enterprise Value of Rs 5,000 Cr. As Karan Adani said about the acquisition of Sanghi Cement. He further said, Ambuja Cements will acquire 56.74% shares of Sanghi Industries from its existing promoter […]

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Business

Ambuja Cements exhibits Strength through consistent, significant sequential EBITDA growth by 35% at Rs. 962 Cr

May 2, 2023 Vinayak Barot

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Ahmedabad, May 2nd, 2023: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the financial results for the quarter and full year ending March 31, 2023 (15 months). Synonymous with Strength, the Company has reinforced beyond the product through its stronger financial performance led […]

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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

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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 […]

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Business

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

February 21, 2023 Vinayak Barot

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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 […]

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