ambuja cement

Adani Group set to refinance $3.5 bn debt taken for ACC-Ambuja buy – ET Infra

[ad_1] The Adani Group is all set to sign a definitive agreement to refinance $3.5 billion of loans taken for last year’s acquisition of ACC Ltd and Ambuja Cement, people aware of the discussions told ET. At least 18 global banks have agreed to join the consortium led by Barclays, Deutsche Bank and Standard Chartered […]

Adani Group set to refinance $3.5 bn debt taken for ACC-Ambuja buy – ET Infra Read More »

The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra

[ad_1] Adani Group, which is a key player in India’s infrastructure and materials sector with a strong presence in airports, ports, mines, energy and real estate, has been flexing its muscles in another sector crucial to India’s infrastructural growth — cement. Adani’s bet on cement business relies on India’s fast-paced expansion of its infrastructure which

The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra Read More »

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra

[ad_1] A strong year-on-year growth in volume, along with lower cost of power and fuel is seen boosting earnings of domestic cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. While operating margins are seen lower on a sequential

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra Read More »

No merger, Sanghi to stay listed for now: Karan Adani – ET Infra

[ad_1] The Adani Group, which announced the acquisition of Gujarat-based cement maker Sanghi Industries on Thursday, plans to increase its overall cement manufacturing capacity to 140 million tonnes in the next five years. Karan Adani, director, Ambuja Cement, told ET’s Deborshi Chaki and Nehal Chaliawala in an interview that the group is open to more

No merger, Sanghi to stay listed for now: Karan Adani – ET Infra Read More »

Sanghi Industries shares jump 5%, Ambuja Cement climbs over 3% – ET Infra

[ad_1] Shares of Sanghi Industries on Thursday jumped 5 per cent after Ambuja Cement announced the acquisition of a majority stake in the cement manufacturer at an enterprise value of Rs 5,000 crore. The stock rallied 4.99 per cent to touch its upper circuit of Rs 105.76 on the BSE. Shares of Ambuja Cement also

Sanghi Industries shares jump 5%, Ambuja Cement climbs over 3% – ET Infra Read More »

Ambuja Cements Jun quarter profit up 31.2 pc to Rs 1,135.46 cr – ET Infra

[ad_1] NEW DELHI: Ambuja Cements on Wednesday reported an increase of 31.2 per cent in consolidated net profit at Rs 1,135.46 crore for the quarter ended on June 30, 2023, led by volume growth and reduction in operating cost. The company, now part of the Adani Group, had clocked a net profit of Rs 865.44

Ambuja Cements Jun quarter profit up 31.2 pc to Rs 1,135.46 cr – ET Infra Read More »

Focused on expansion to become profitable cement manufacturer: ACC – ET Infra

[ad_1] NEW DELHI: Adani group firm ACC Ltd is making remarkable strides in its ambitious endeavour to double capacities and is also focused on margin expansion to become the most profitable cement manufacturer in the country, according to its latest annual report. ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to

Focused on expansion to become profitable cement manufacturer: ACC – ET Infra Read More »

Adani Cement exits industry lobby group Cement Manufacturers’ Association – ET Infra

[ad_1] Adani Cement, which owns Ambuja Cement and ACC, has exited the industry lobby group Cement Manufacturers’ Association (CMA), which represents all large cement players in the country, said people in the know. This comes after the Adani Group company had a difference of opinion on multiple issues with the CMA, the people cited above

Adani Cement exits industry lobby group Cement Manufacturers’ Association – ET Infra Read More »

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