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Ambuja Cements Ltd News

Ambuja Cements poised for highest volume growth: Nomura upgrades to 'Buy'

Japanese brokerage firm Nomura has upgraded India's second biggest cement company Ambuja Cements to Buy with a target price of Rs 780, an upside of 17 per cent

Ambuja Cements poised for highest volume growth: Nomura upgrades to 'Buy'
Updated On : 11 Jul 2024 | 8:53 AM IST

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say

Adani group shares such as Adani Enterprises, Ambuja Cements, Adani Power and ACC seem favourably placed on the charts, and can potentially rally up to 22 per cent from current levels.

How to trade Adani stocks amid Hindenburg-Sebi row? Here's what charts say
Updated On : 02 Jul 2024 | 12:28 PM IST

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%

Sebi slapped 'show cause' notice to Hindenburg; Adani Total Gas, Adani Energy Solutions, New Delhi Television and Adani Wilmar were up in the range of 1 per cent to 2 per cent.

Adani group shares trade mixed as Hindenburg issue resurfaces; AEL down 1%
Updated On : 02 Jul 2024 | 10:13 AM IST

Adani Group announces merger, ownership restructuring for its cement assets

As part of the scheme, Adani Cementation will be merged with Ambuja, while Adani Cement Industries will become a wholly-owned subsidiary of Ambuja Cements

Adani Group announces merger, ownership restructuring for its cement assets
Updated On : 27 Jun 2024 | 8:10 PM IST

Ambuja Cements board approves Adani Cementation's merger with company

Adani group-owned Ambuja Cements on Thursday said its board has approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises. After the approval of the Scheme of Amalgamation of Adani Cementation, after regulatory and shareholders approval, it would become a wholly-owned subsidiary. The merger is totally based on share swapping and Adani Enterprises will get 8.7 million shares of Ambuja Cements. The consolidation of cement capacities within Adani Group is "to enhance operational efficiency" and strengthen Ambuja Cements' coastal footprint. The scheme has a "SWAP ratio of 174 shares of Ambuja Cements Ltd for every 1 share of Adani Cementation Ltd (ACL)," it said. Adani Cementation Ltd is wholly owned by Adani Enterprise Ltd. This will help in a better synergy for Ambuja Cements as ACL's presence at strategic locations near Dahej port and Amba River - Raigad. It will enable source clinker by Sea as well as Rail to serve high growth market of South Gujara

Ambuja Cements board approves Adani Cementation's merger with company
Updated On : 27 Jun 2024 | 7:22 PM IST

Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries

Adani group firm Ambuja Cements and Ravi Sanghi, the promoters of Sanghi Industries, will sell 3.52 per cent stake in the Saurashtra-based cement manufacturer. The Offer-for-Sale (OFS) will open on Wednesday for non-retail investors and on Thursday for retail investors, Sanghi Industries said in a regulatory filing on Tuesday evening. "Ambuja Cements and Ravi Sanghi (the seller/promoters) propose to sell up to 90,92,000 equity shares of Sanghi Industries representing 3.52 per cent of the total issued and paid up equity share capital of the company," it said. Shares of Sanghi Industries, in which the majority stake was acquired by Adani group firm Ambuja Cement last year, were trading at Rs 102.35, higher by 0.09 per cent on the BSE in morning deals. Calculated on the basis of current market price, this OFS will fetch Rs 93.05 crore. In the last one year, shares of Sanghi Industries peaked at Rs 151.85 on January 15, 2024. "The offer shall take place over two trading days on a sep

Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries
Updated On : 26 Jun 2024 | 11:27 AM IST

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Cement shares in demand; India Cements, Orient, JK Lakshmi rally up to 14%
Updated On : 26 Jun 2024 | 11:16 AM IST

Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output

Adani group firm Ambuja Cements, which is aggressively pushing for expansion, has won 24 bids for new limestone mines estimated to have a total resource of 587 million tonnes of limestone, according to the company's annual report. This is in addition to 1 billion tonnes of reserve of Sanghi Industries, a Saurashtra-based company which billionaire Gautam Adani-owned firm acquired last November at an enterprise value of Rs 5,185 crore. "Winning bids for coal and limestone mines is critical to ensure self sufficiency, with coal mines in Dahegaon-Gowari and the existing Gare Palma coal block catering to 40 per cent of Ambuja Cements Ltd (ACL) coal requirements," it said. The Adani group has an ambition to have a capacity of 140 MTPA (million tonnes per annum) by 2028. It has sufficient cash to reach there through a combination of brownfield expansion and acquisitions. Earlier this month, Adani Group announced the acquisition of Hyderabad-based Penna Cement at an enterprise value of Rs

Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output
Updated On : 24 Jun 2024 | 5:55 PM IST

Adani Group may merge all cement assets under single entity: Jefferies

Executives from Adani Cement told Jefferies they are exploring plans for consolidating all cement companies in the medium term

Adani Group may merge all cement assets under single entity: Jefferies
Updated On : 23 Jun 2024 | 5:37 PM IST

Penna Cement acquisition: Adani spells out Lanka, South India strategy

Company sets target to achieve 140 MTPA capacity by 2028, aided by greenfield expansions

Penna Cement acquisition: Adani spells out Lanka, South India strategy
Updated On : 14 Jun 2024 | 8:51 PM IST

Penna acquisition could be 1st among many M&As for Ambuja Cements: Analysts

We believe that further acquisitions are indeed possible considering Ambuja Cement's strong balance sheet, said analysts

Penna acquisition could be 1st among many M&As for Ambuja Cements: Analysts
Updated On : 14 Jun 2024 | 12:10 PM IST

Top buzzing stocks, June 14: Ambuja, Defence, Suven Pharma, Zaggle, Nalco

Stocks to Watch today, Friday, June 14: Ambuja Cements will acquire Hyderabad-based Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore

Top buzzing stocks, June 14: Ambuja, Defence, Suven Pharma, Zaggle, Nalco
Updated On : 14 Jun 2024 | 8:09 AM IST

Market outlook June 14: Mixed global cues, long weekend may weigh on Nifty

All you need to know before the stock market opens on Friday: Technical analysts expect Nifty to make a decisive directional move soon. These are the key levels to watch out for on the NSE benchmark.

Market outlook June 14: Mixed global cues, long weekend may weigh on Nifty
Updated On : 14 Jun 2024 | 7:13 AM IST

Adani Group's Ambuja Cements to buy Penna Cement for Rs 10,422 crore

This is Adani Group's third acquisition since the Ambuja-ACC takeover

Adani Group's Ambuja Cements to buy Penna Cement for Rs 10,422 crore
Updated On : 13 Jun 2024 | 7:10 PM IST

Ambuja Cements acquires Penna Cement at enterprise value of Rs 10,422 cr

PCIL's strategic location and sufficient limestone reserves provide an opportunity to increase cement capacity through debottlenecking and additional investment

Ambuja Cements acquires Penna Cement at enterprise value of Rs 10,422 cr
Updated On : 13 Jun 2024 | 6:03 PM IST

Small-sized cement shares in focus; Sanghi, NCL, Saurashtra rally up to 11%

As per media reports, Adani Group was evaluating multiple cement companies like Penna Cement, Saurashtra Cement, JP Associates' cement business & Vadraj Cement for acquisition.

Small-sized cement shares in focus; Sanghi, NCL, Saurashtra rally up to 11%
Updated On : 13 Jun 2024 | 2:52 PM IST

Adani group shares trade weak; Total Gas, Enterprises, Power tank up to 19%

At 09:41 am; Adani group stocks had recovered up to 13 per cent of the intra-day losses, but were still down in the range of 6 per cent to 10 per cent on Tuesday.

Adani group shares trade weak; Total Gas, Enterprises, Power tank up to 19%
Updated On : 04 Jun 2024 | 10:12 AM IST

Acche din for Adani stocks over, or will the run continue? Key tech levels

Adani Enterprises, Adani Power and Adani Wilmar can potentially rally up to 30 per cent from present levels, suggests the key retracement ratios.

Acche din for Adani stocks over, or will the run continue? Key tech levels
Updated On : 04 Jun 2024 | 8:59 AM IST

Adani group shares in demand; Power, Total Gas, Green Energy rally up 16%

Adani group stocks in focus: The total market capitalisation of 10 Adani group companies increased by Rs 2.02 trillion to Rs 19.88 trillion in the intraday trade today

Adani group shares in demand; Power, Total Gas, Green Energy rally up 16%
Updated On : 03 Jun 2024 | 9:52 AM IST

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%

Adani Power hit a record high of Rs 791.95, as it zoomed 13 % in intra-day trades as India's foremost private power producer, is very well placed to benefit from the long-term power demand outlook.

Adani group shares in demand; Enterprises, Total Gas, Power rally up 14%
Updated On : 31 May 2024 | 2:52 PM IST