Ambuja Cements to Invest Rs 2,500 Crore in Cement and Clinker Carriers
Ambuja Cements Ltd, owned by the Adani Group, is set to invest Rs 2,500 crore in the construction of two cement carriers and eight clinker carriers. The company plans to place orders within the next fortnight, with the potential shipbuilders…
Ambuja Cements Acquires Penna Cement Industries for ₹10,422 Crore
Ambuja Cements, backed by the Adani Group, has announced a transformative acquisition of Penna Cement Industries Ltd (PCIL) for ₹10,422 crore. This strategic move aims to significantly bolster Ambuja’s position in the cement industry and propel its production capacity to…
Adani Increases Stake in Ambuja Cements to 70.3% with Rs 8,339 Crore Infusion
The Adani family, led by billionaire Gautam Adani, has bolstered its investment in Ambuja Cements by injecting an additional Rs 8,339 crore, raising its stake in the company to 70.3%. This move aims to support Ambuja Cement’s manufacturing capacity enhancement…
Ambuja Cements Expands Footprint with Acquisition of 1.5 MTPA Cement Grinding Unit in Tuticorin for ₹413.75 Crore
Ambuja Cements is set to bolster its coastal presence in the southern markets of Tamil Nadu and Kerala with the acquisition of a 1.5 MTPA cement grinding unit in Tuticorin, representing a strategic move for the company. The acquisition, valued…
Ambuja Cement Plans Rs 1,000 Crore Investment for Cement Grinding Unit in Jharkhand
Adani Group’s Ambuja Cements announced a Rs 1,000 crore investment plan for establishing a cement grinding unit in Jharkhand’s Godda district. The proposed unit, with a capacity of 4 Million Tonnes Per Annum (MTPA), is awaiting necessary approvals, according to…