New Delhi [India], November 9: The Delhi High Court has ruled in favor of Ambuja Cement Limited, setting aside a show cause notice and an order demanding Rs218.87 crore in stamp duty along with a Rs69 crore penalty. S&A Law Offices acted for Ambuja Cement Limited (ACL), wherein ACL had c
Kapur said, "Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2FY 2025. The introduction of Pradhan Mantri Awas Yojana Urban Housing II with an allocation of Rs 11 lakh crores along with the government's continu
Adani Group company Ambuja Cements delivered a steady performance in the July-September quarter of 2024-25 with a volume growth of 9 per cent, at 14.2 million tonne. It was the highest in terms of volume in Q2 series in the past five years.
Three Adani portfolio companies -- Adani Enterprises Ltd (AEL) (through its subsidiary Adani New Industries Ltd), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Ada
Adani Group company Ambuja Cements has joined the Alliance for Industry Decarbonization (AFID)--a global alliance of companies across industries to accelerate Net Zero transition in line with the Paris Agreement.
The project will be implemented in three phases, with the first phase of 2.4 MTPA at an investment of Rs 1100 crore targeted to be commissioned by December 2025. Adequate provisioning of land for future expansion is in place, which will be commissioned in due course at a much lower capita
Mumbai (Maharashtra) [India], August 3: Kaushalya Logistics Limited (NSE: KLL), a diversified conglomerate specializing in logistic support to the cement players, announce the commencement of operations at a new cement depot located in Ahmednagar, Maharashtra. Starting from August 1, 2024, K
Gorakhpur caters to the educational, healthcare, commercial and urban housing needs of the entire eastern Uttar Pradesh, western Bihar, and Terai region of Nepal.
At an investors' meeting, the Adani Group management outlined a strong FY24 operating performance -- a 27 per cent compound annual growth rate (CAGR) for five years -- and a significantly improved leverage profile across businesses.
Soon after Ambuja Cements announced the acquisition of Penna Cement, brokerage Emkay Global Financial Services retained its 'Buy' recommendation on the Adani Group-owned cement producer.
Acquiring Penna Cement will increase Ambuja Cements' presence in India, particularly in South India, besides making way to markets in neighbouring Sri Lanka, the Adani Group cement company said in a presentation explaining the rationale behind the acquisition.