Business

Adani Family Completes Ambuja Warrant Subscription Infuses INR 20,000 Cr to increase stake to 70.3%

April 17, 2024 Vinayak Barot

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Ahmedabad, 17 April 2024: Ambuja Cements Ltd (Ambuja), the cement and building materials flagship company under Adani portfolio, is pleased to announce a significant development in its growth trajectory. The promoters of the Company – Adani family has fully subscribed to the warrants program in the Company by further infusing INR 8,339 Cr thereby infusing total […]

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Business

Ambuja Cements signs definitive agreement to acquire a 1.5 MTPA Grinding Unit at Tuticorin, Tamil Nadu at a value of Rs. 413.75 Crores

April 15, 2024 Vinayak Barot

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Ahmedabad, 15 April 2024: Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, signs definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition estimated at a total value of Rs. 413.75 Crores through internal accruals will aid in enhancing the coastal footprint […]

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Business

Ambuja Cements delivers stellar Q3 FY24 results, Q3 operating EBITDA up 70% at Rs. 1,732 cr

January 31, 2024 Vinayak Barot

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Ahmedabad, 31 January, 2024: Ambuja Cements, the cement and building materials flagship company of the diversified Adani Group, today announced robust financial results for Q3 FY’24, supported by continued operational excellence, business synergies, and cost leadership. Mr. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements Limited, said, “Our performance is a reflection of our resilience […]

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Business

Ambuja Cements to Power 60% of its Production with Green Power

December 17, 2023 Vinayak Barot

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Ahmedabad, 17th December 2023: Ambuja Cements Limited, the cement and building material company of the diversified Adani Group, has unveiled an audacious goal solidifying its position as a frontrunner in the global arena of sustainable cement production. In a monumental stride towards a greener future, the Company has committed a significant investment of Rs. 6,000 […]

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Business

Ambuja Cements delivers another robust quarter led by business excellence with YoY jump of 55% in consolidated EBITDA

August 2, 2023 Vinayak Barot

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Ahmedabad, August 2nd, 2023: Ambuja Cements, the cement and building material company of the diversified Adani Group, today announced the financial results for the quarter ended June 30, 2023. The Company has showcased a growth quarter on quarter, reinforcing strength beyond the product, led by business excellence in operations, cost efficiencies and business synergies. Operational […]

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Business

Ambuja Cements records substantial jump in sequential EBITDA by 161% at Rs. 1,138 Cr

February 7, 2023 Vinayak Barot

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Ahmedabad, 7th February 2023: Ambuja Cements Limited (Ambuja), the building materials arm of Adani Cement and part of the diversified Adani group, today announced the financial results for the quarter ended December 31, 2022.  The Company has embarked on a transformation journey this quarter which has resulted in sizeable operational efficiencies.  Additionally, synergies with the […]

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Business

Ambuja Cements wins ESG India Leadership Awards 2022 for Water Efficiency, GHG Emissions and Overall Leadership in Environment

November 7, 2022 Vinayak Barot

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Mumbai, 7 November 2022: Ambuja Cements Limited, the cement and building materials arm of Adani Cement and part of the Adani Group, wins ESG India Leadership Awards 2022 for its initiatives on Water Efficiency, curbing Greenhouse Gas Emissions and overall leadership in the Environment category. Ambuja Cements is aligned to the Adani Group’s commitment to […]

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Business

Adani becomes India’s second largest cement player

September 16, 2022 Vinayak Barot

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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 […]

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