NSE - Delayed Quote INR

Ambuja Cements Limited (AMBUJACEM.NS)

632.35

-6.00

(-0.94%)

At close: April 26 at 3:30 PM GMT+5:30

India's Ambuja Cements to invest $723 million for green power production

BENGALURU (Reuters) -Indian construction materials maker Ambuja Cements will invest 60 billion rupees (nearly $723 million) in renewable power projects, the company said on Monday. The Adani Group-owned company added that the capacity from solar power and wind power projects will be achieved by fiscal 2026, and add to its existing capacity of 84 MW. These projects will increase the company's total green power capacity to 60% from the existing 19%, it said.

Reuters 4 months ago

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India's Adani gets $3.5 billion loan to refinance cement expansion debt

BENGALURU (Reuters) -The cement business of Indian billionaire Gautam Adani's flagship group said on Friday it had secured a new $3.5 billion loan to refinance debt it had taken to buy ACC Ltd and Ambuja Cements last year. The refinancing of the loan was concluded with 10 international banks including DBS, First Abu Dhabi Bank and Mizuho Bank for a tenor of 3 years, the group said in a statement, adding that it would save Adani Cement about $300 million in costs. Adani Group entered the cement sector last year with a $10.5 billion deal to buy Ambuja and ACC from Swiss giant Holcim.

Reuters 6 months ago

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India's Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake

Shares of cement maker Sanghi Industries rose as much as 5% to a more than five-year high on Wednesday on news that Adani-owned Ambuja Cements had reached a deal to buy a majority stake in the company's operations. The deal by Ambuja is likely to be announced on Wednesday, two sources with direct knowledge of the matter told Reuters. The Economic Times reported last week that Adani was among those leading the race to acquire Sanghi Cement.

Reuters 8 months ago

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Adani-owned Ambuja Cements to acquire majority stake in India's Sanghi -sources

India's Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani's firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public. India's Economic Times last week reported that Adani was among those leading the race to acquire Sanghi, which was being appraised at that enterprise value.

Reuters 8 months ago

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Adani-owned Ambuja Cements to expand production capacity by 14 million tonnes

Adani Group-owned Ambuja Cements Ltd said on Friday it would expand its blended cement production capacity by 14 million metric tonnes, as part of a previously announced plan to double capacity over five years. Ambuja placed orders to expand clinker capacity by 8 million tonnes at two units that would operate on green power or renewable energy, and help increase production of blended green cement by 14 million tonnes, it said in a stock exchange filing. "These brownfield expansion projects are part of our strategy to double our production capacity over the next five years from the current capacity of 67.5 million tonnes a year," Ajay Kapur, Chief Executive Officer of Ambuja's cement business said.

Reuters 11 months ago

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India's Adani-owned Ambuja Cements' Q4 profit rises as infra spending steps up

India's Ambuja Cements on Tuesday reported a better-than-expected fourth-quarter profit, aided by increased government spending on infrastructure and lower raw material costs. Ambuja's profit after tax for the quarter ended March 31 rose to 5.02 billion rupees ($61.3 million)from 4.94 billion rupees a year earlier. Analysts, on average, had expected the Adani Group-owned company to report a profit of 4.55 billion rupees.

Reuters 11 months ago

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Performance Overview

Return	AMBUJACEM.NS	S&P BSE SENSEX
YTD	+21.40%	+2.06%
1-Year	+66.28%	+22.62%
3-Year	+120.04%	+53.99%

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Ambuja Cements Limited (AMBUJACEM.NS)

India's Ambuja Cements to invest $723 million for green power production

India's Adani gets $3.5 billion loan to refinance cement expansion debt

India's Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake

Adani-owned Ambuja Cements to acquire majority stake in India's Sanghi -sources

Adani-owned Ambuja Cements to expand production capacity by 14 million tonnes

India's Adani-owned Ambuja Cements' Q4 profit rises as infra spending steps up

Performance Overview