Tag: Ambuja Cements

Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

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Ambuja Cements seeks CCI nod to acquire majority stake in Orient Cement

Ambuja Cements, the cement and building material company of Adani Cement and is a part of the diversified Adani Group. File. | Photo Credit: Reuters Billionaire Gautam Adani-led Ambuja Cements has sought approval from the Competition Commission of India (CCI) to acquire a majority stake in CK Birla group firm Orient Cement Ltd in a…

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Business

Ambuja Cements Q2 net profit falls 42% to ₹456 crore

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Ambuja Cements Q2 net profit falls 42% to ₹456 crore

Ambuja Cements Limited is part of Adani Group. File | Photo Credit: The Hindu Ambuja Cements Limited, part of Adani Group, for the second quarter, reported consolidated net profit of ₹456 crore as compared with ₹793 crore in the year ago period, down by 42%.  The company’s revenue from operations for the quarter ending September…

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Business

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

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

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…

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Nation

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

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

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…

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Business

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

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

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…

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