CLSA, a global brokerage firm, has maintained an ‘Underperform’ rating for Ambuja Cements Limited, predicting a potential 9% decline in the stock’s value. CLSA’s target price of ₹570 reflects concerns over rising costs and intense competition, setting a cautious tone for investors looking at Ambuja Cements as a long-term bet. This bearish stance comes amidst […]
Ambuja Cements Limited, a key player in India’s cement industry and part of the Adani Group, has unveiled plans for a massive ₹1600 crore investment in Bihar. This investment, aimed at establishing a new cement grinding unit, marks the largest single investment in the state’s cement sector. The project, set to be built in Warisaliganj, […]
Ambuja Cements, a subsidiary of the Adani Group, has announced its highest-ever annualised Profit After Tax (PAT) of ₹4,738 crores, a striking 119% increase year-over-year (YoY). The company’s Operating EBITDA for fiscal year 2024 also soared to ₹6,400 crores, up 73% from the previous year, indicating robust operational efficiency and profitability. Strategic Acquisitions and Capacity […]
In a significant financial move, the Adani Family has completed a substantial investment in Ambuja Cements Ltd., infusing an additional INR 8,339 Crore. This latest capital infusion brings the total investment to INR 20,000 Crore under the company’s warrants program, elevating the Adani Family’s stake in Ambuja Cements from 63.2% to 70.3%. This strategic investment […]
ACC and Ambuja Cements, integral parts of the Adani Group, have taken a significant leap towards sustainability by launching two new facilities dedicated to innovative waste management solutions. The Ambuja Marwar Pre-processing and Co-processing Facility and the ACC Jamul Co-processing Facility are set to revolutionize the way waste is managed in the cement industry, highlighting […]
In a move that signifies a major boost for Jharkhand’s infrastructure and economic landscape, Ambuja Cements, a leading player in India’s cement manufacturing sector and a part of the diversified Adani Group, has announced plans to establish a state-of-the-art cement grinding unit in Motia Village of Godda district. With an investment of Rs. 1000 Cr, […]
Ambuja Cements Limited, a part of the Adani Group, is making a significant leap in sustainable cement production with its commitment to invest Rs. 6,000 crores in renewable power projects. The company aims to achieve a capacity of 1,000 MW, focusing on solar and wind power projects across Gujarat and Rajasthan. Strategic Investment in Renewable […]
Ambuja Cements Limited (ACL), a key player in the cement and building material sector under the Adani Group, has successfully completed the acquisition of Sanghi Industries Limited (SIL) at an enterprise value of Rs. 5,185 crores. This acquisition marks a significant milestone in Ambuja Cements Limited’s growth journey and Adani Group’s commitment to India’s housing […]