Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company.[4] The Group markets cement and clinker for both domestic and export markets.
Formerly | Gujarat Ambuja Cements Limited (1983–2007) |
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Company type | Public |
BSE: 500425 NSE: AMBUJACEM | |
Industry | Building materials |
Founded | 1983 |
Headquarters | Mumbai, Maharashtra, India |
Key people | Gautam Adani (Chairman) Suresh Kumar Neotia (Founder) Narotam Sekhsaria (Co-Founder and Chairman Emeritus)[1] Ajay Kapur (Whole-time Director & CEO)[2] |
Products | Cement |
Revenue | ₹39,674.7 crore (US$5.0 billion) (2023)[3] |
₹3,477.7 crore (US$440 million) (2023)[3] | |
₹2,583.4 crore (US$320 million) (2023)[3] | |
Total assets | ₹51,721.5 crore (US$6.5 billion) (2023)[3] |
Total equity | ₹31,698.2 crore (US$4.0 billion) (2023)[3] |
Owner | Adani Group (63.2%) |
Number of employees | 4,361(2023)[3] |
Parent | Adani Group |
Website | www |
The company had 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 percent promoters' stake in the GACL for ₹2,140 crore.[5]
From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[6] On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale.[7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[8]