Ambuja Cements

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Ambuja Cements Limited
Type Public, (BSE500425), (NSEAMBUJACEM)
Industry Cement
Founded 1986
Headquarters Mumbai, Maharashtra, India
Key people

Suresh Neotia, Founder, Chairman Emeritus
N. S. Sekhsaria,Co-Founder, Chairman[1]

Ajay Kapur, Managing Director & CEO
Products Cement
Revenue IncreaseINR76378.1 million (US$1.3 billion)2010
Website www.ambujacement.com

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is a major cement producing company in India.[2] The Group's principal activity is to manufacture and market cement and clinker for both domestic and export markets.

About Ambuja Cement[edit]

Ambuja Cements Ltd (ACL), a part of a global conglomerate Holcim, is one of India’s leading cement manufacturers and has completed over 25 years of operations. The company, initially called Gujarat Ambuja Cements Ltd, was founded by Narotam Sekhsaria in 1983 in partnership with Suresh Neotia. Global cement major Holcim acquired management control of Ambuja in 2006. The Company has also made strategic investments in ACC Limited.

Partnership[edit]

The company has entered into a strategic partnership with Holcim, the second largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 per cent promoters' stake in the GACL for INR 21.4 billion.[3] In November, Shareholders gave thumbs up to Swiss giant Holcim's plans to restructure its India operations. Over 68% of the minority shareholders of Ambuja Cements have approved the company's plans to buy 24% stake in Holcim India for Rs.3,500 crores.[4]

Currently Holcim holds 50.17% of shares in Ambuja Cements.

Codes[edit]

The shares of the company are traded publicly on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Following are the codes assigned to Ambuja Cement Limited

  • BSE:500425
  • NSE:AMBUJACEM
  • Bloomberg:ACEM:IN
  • Reuters:GACM.BO

References[edit]

  1. ^ "Sharp rise in Gujarat Ambuja trading volumes, share price — Market buzz on Holcim interest". The Hindu Business Line. Retrieved 16 July 2010. 
  2. ^ "Ambuja Cements India - Gujarat Ambuja Cement Limited Profile - Ambuja Cements History". Iloveindia.com. 21 July 2007. Retrieved 16 July 2010. 
  3. ^ "Swiss co Holcim cements deal with Ambuja for ACC". The Hindu Business Line. 21 January 2005. Retrieved 16 July 2010. 
  4. ^ "Ambuja Gets Approval For Holcim Restructuring". BTVIn.com. 

External links[edit]