Ambuja Cements

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Ambuja Cements Limited
Public, (BSE500425), (NSEAMBUJACEM)
Industry Cement
Founded 1983
Headquarters Mumbai, Maharashtra, India
Key people
Suresh Neotia, Founder, Chairman Emeritus

N. S. Sekhsaria,Co-Founder, Chairman[1]

Ajay Kapur, Managing Director & CEO
Products Cement
Revenue Increase76,378.1 million (US$1.1 billion)2010
Slogan Giant Compressive Strength
Website www.ambujacement.com

Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is a major cement producing company in India.[2] The Group's principal activity is to manufacture and market cement and clinker for both domestic and export markets.

About Ambuja Cement

Ambuja Cements Ltd (ACL), a part of a global conglomerate Holcim, is one of India’s leading cement manufacturers and has completed over 25 years of operations. The company, initially called Gujarat Ambuja Cements Ltd, was founded by Narotam Sekhsaria in 1983 in partnership with Suresh Neotia. Global cement major Holcim acquired management control of Ambuja in 2006. The Company has also made strategic investments in ACC Limited.

Partnership

The company has entered into a strategic partnership with Holcim, the second largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 per cent promoters' stake in the GACL for INR 21.4 billion.[3]

Currently Holcim holds 50.17% of shares in Ambuja Cements.

Codes

The shares of the company are traded publicly on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Following are the codes assigned to Ambuja Cement Limited

  • BSE:500425
  • NSE:AMBUJACEM
  • Bloomberg:ACEM:IN
  • Reuters:GACM.BO

See also

References

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External links