Ambuja Cements Well Positioned To Capture Incremental Growth, Says Axis Direct
The company aims to bring production cost down to Rs 3,650 per tonne and deliver Ebitda per tonne of Rs 1,500 by FY28
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Ambuja Cements Strengthens Southern Grip With My Home Unit Acquisition
- by BW Retail World Bureau
- April 16, 2024
Ambuja Cements, a key player in the cement and building materials industry and a part of the diversified Adani Portfolio, has inked a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, valued at Rs. 413.75 Crores and funded through internal accruals, marks a strategic move […]
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Ambuja Cements To Invest Rs 6,000 Cr In 1,000 MW Green Power
- by BW Retail World Bureau
- December 18, 2023
Ambuja Cements, a key player within the Adani Group specialising in cement and building materials, has announced a substantial investment of Rs 6,000 crore dedicated to renewable energy projects. Their ambitious goal is to establish a robust capacity of 1,000 MW by leveraging solar and wind power initiatives. This investment plan spans across strategic locations […]
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Ambuja Cements Net Profit Jumps Four-fold To Rs 644 Cr In Q2
- by BW Retail World Bureau
- November 2, 2023
Ambuja Cements, owned by the Adani Group, has reported a significant four-fold increase in its standalone net profit, reaching Rs 643.84 crore for the quarter ending in September 2023. This marks a notable surge compared to the net profit of Rs 138.9 crore in the same quarter of the previous year. The company’s standalone revenue […]
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Ambuja Cements To Buy Majority Stake In Sanghi Industries
- by BW Retail World Bureau
- August 4, 2023
Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cement and part of the diversified Adani Group on Thursday announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi and […]