Ambuja Cement, the cement and building material company of Adani Cement and part of the diversified Adani Group, announced on Thursday that it has signed a binding agreement for the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs. 10,422 crore.
The Adani Group company attributed this strong performance to improved key performance indicator (KPIs) -- like volumes, efficiencies, cost, and capital expenditure.
The Adani family has fully subscribed to the warrants programme in the company by
further infusing Rs 8,339 crore and has infused a total amount of Rs 20,000 crore
The release by the company states that the acquisition, valued at Rs. 413.75 Crores and funded through internal accruals. The aquisition will expand Ambuja's coastal footprint in the southern markets of Tamil Nadu and Kerala. With this acquisition, the Adani Group's total cement capacity rea
Ambuja Cements, the cement and building materials flagship company of the diversified Adani Group, reported a whopping 123 per cent rise in consolidated profit after tax (net profits) in the quarter that ended in December 2023.
Ambuja Cements, which is under the larger Adani Group, has committed an investment of Rs 6,000 crores in renewable power projects, targeting a capacity of 1,000 megawatts.
Congress General Secretary in-charge Communications Jairam Ramesh, in a statement, alleged that India’s third-largest cement producer Shree Cement, who was in talks to acquire Sanghi Industries, exited the race after Income Tax Department launched raids against it. The senior leader said tha
Mumbai (Maharashtra)/ New Delhi [India], August 3: Cyril Amarchand Mangaldas (CAM) advised Ambuja Cement on acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of INR 5,000 crore. CAM is also advising on the
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.
Jodhpur (Rajasthan) [India], May 30: SKF India, the leading bearing manufacturer, in partnership Ambuja Cement Foundation (ACF), today inaugurated the skill development centre at SEDI Jaitaran, in Pali, Rajasthan, with an aim to provide training, skill development and employability to the yo
The deadlock between truckers and Adani Cement Company ended on Monday with the intervention of Chief Minister Sukhvinder Singh Sukhu who announced the freight rates after meeting transporters and company officials.
The block is situated in the Malkangiri district of Odisha over an area of 547 hectare with an estimated limestone resource of 141 million tonnes having an average CaO (calcium oxide) content of 43.74 per cent.