Tag: Ambuja Cements

Adani Group Infuses Another Rs 8339 Crore In Ambuja Cements, Raises Stake To 70.3%

April 17, 2024 admin

The latest infusion raises the Adani family stake in Ambuja Cement to 70.3% (Representational) New Delhi: Billionaire Gautam Adani’s family infused an additional Rs 8,339 crore into Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker’s manufacturing capacity. The Adani family had previously invested Rs 5,000 crore in the…

Nation

Ambuja Cements to acquire My Home Group’s grinding unit in Tamil Nadu for ₹413.75 crore

April 15, 2024 admin

File. | Photo Credit: Reuters Ambuja Cements on April 15 said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of ₹413.75 crore. The company — a part of the Adani Group — has signed a definitive agreement to acquire the cement grinding unit of the…

Business

Ambuja Cements Sees Q2 Profit Of Nearly Rs 1,000 Crore

November 1, 2023 admin

Ambuja Cements’ total expenses were down 8.52 per cent at Rs 6,564.28 crore. New Delhi: Ambuja Cements Ltd on Wednesday reported a multifold increase in consolidated net profit at Rs 987.24 crore for the quarter ended on September 30, on reduction in operating cost. The company, now part of the Adani Group, had clocked a…

Business