ambuja cements

Adani promoters hike stakes in 3 companies in Sept quarter – ET Infra

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MUMBAI: Promoters of the Adani Group boosted their stakes in three group companies in the September quarter while paring it in Ambuja Cements, in line with the conglomerate’s strategy to rebalance holdings in listed firms. Through this exercise, the promoters aim to eventually hold stakes of 64-68% each across group companies, ET reported in August. […]

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Adani Group lays bricks to buy Heidelberg’s India cement unit – ET Infra

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MUMBAI: The Adani Group has begun talks to acquire the Indian cement operations of Germany’s Heidelberg Materials, according to people familiar with the matter. The proposed buyout of Heidelberg’s India unit will be led by Adani Group company Ambuja Cements and could be worth around $1.2 billion (Rs 10,000 crore), they said. If successful, it

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Ambuja becomes first cement company to join Alliance for Industry Decarbonization – ET Infra

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The company, operating in the cement industry, aims to achieve Net Zero by 2050, with targets validated by the Science Based Targets initiative (SBTi). AdGroup company Ambuja Cements has joined the Alliance for Industry Decarbonization (AFID)–a global alliance of companies across industries to accelerate the Net Zero transition in line with the Paris Agreement. In

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Indian cement industry to witness further consolidation in near-to-medium term: Report – ET Infra

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Representative image NEW DELHI: The Indian cement industry, which is witnessing aggressive acquisitions by two of its leading players – Adani group’s Ambuja Cement and Aditya Birla’s UltraTech, will have further consolidation in the near-to-medium term, according to a report. In the report, rating agency Ind-Ra said that the aggressive medium-term capacity targets of leading

Indian cement industry to witness further consolidation in near-to-medium term: Report – ET Infra Read More »

Adani Group promoter sells 2.8 pc stake in Ambuja Cements for Rs 4,250 cr – ET Infra

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NEW DELHI: Adani Group promoter on Friday divested nearly a 2.8 per cent stake in Ambuja Cements to investors like GQG Partners for Rs 4,250 crore via open market transactions. The promoter sold the stake of Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate

Adani Group promoter sells 2.8 pc stake in Ambuja Cements for Rs 4,250 cr – ET Infra Read More »

Cement companies reports volume growth in Q1 FY25 – ET Infra

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Representative image Leading cement manufacturers reported single-digit volume growth in the June quarter, though their topline was muted on account of the continued downtrend in the price. Listed manufacturers such as UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat – in their latest quarter earnings reported gains in volumes, ranging from 3 to 9

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Major cement companies report volume growth in June qtr, revenue remains muted due to lower price – ET Infra

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Leading cement manufacturers reported single-digit volume growth in the June quarter, though their topline was muted on account of the continued downtrend in the price. Listed manufacturers such as UltraTech, Ambuja Cements, ACC, Shree Cements, and Dalmia Bharat – in their latest quarter earnings reported gains in volumes, ranging from 3 to 9 per cent

Major cement companies report volume growth in June qtr, revenue remains muted due to lower price – ET Infra Read More »

Adani Group-backed Ambuja Cements to invest Rs 1,600 cr in Bihar – ET Infra

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Nitish Kumar (centre); Pranav Adani (right) NEW DELHI: Ambuja Cements Ltd will undertake an investment of Rs.1,600 crore for the establishment of a cement facility with an overall capacity of 6 MTPA (million tonne per annum) in Warisaliganj, Bihar. The Warisaliganj Cement Grinding Unit, will be a standalone facility and will be implemented in three

Adani Group-backed Ambuja Cements to invest Rs 1,600 cr in Bihar – ET Infra Read More »

‘No frenzy in cement industry, structured expansion taking place’ – ET Infra

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There is no “frenzy” in the domestic cement industry currently and local players are expanding capacities in a structured manner, Ajay Kapur, chief executive officer at Adani Cement, said. The company, India’s second biggest by capacity, will also aim for newer acquisitions at less than $80 per tonne. The industry is maturing as a whole,

‘No frenzy in cement industry, structured expansion taking place’ – ET Infra Read More »

Ambuja Cement added 275 million tonne in limestone reserves during Apr-Jun quarter – ET Infra

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Ambuja Cement added 275 million tonne in limestone reserves in the April-June quarter, the company said in its earnings results released on Wednesday. Ambuja Cements, the cement and building materials company of the AdGroup conglomerate, has announced results for the April-June quarter, supported by cost leadership, improved efficiencies and growth. Ajay Kapur, Whole Time Director

Ambuja Cement added 275 million tonne in limestone reserves during Apr-Jun quarter – ET Infra Read More »

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