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The cement industry will be a "key enabler" and is expected to benefit significantly from the approximately USD 2.2 trillion in investments projected in the infrastructure sector by 2030, said ACC Chairman Karan Adani. ACC Cement, part of Adani Group's cement business, which crossed the 100 MTPA capacity milestone in April 2025, is contributing to India's growth by laying a strong, sustainable foundation for a brighter tomorrow, said Adani in the latest annual report of the company. "The infrastructure sector, vital to realising India's economic ambitions by 2030, is projected to require investments of approximately USD 2.2 trillion. As a key enabler of infrastructure growth, the cement industry stands to benefit significantly from these investments," he said while addressing the shareholders. The cement sector is set for significant expansion, and its strategic priorities are designed to leverage this potential effectively, he added. ACC is part of Ambuja Cement, which holds the .
Ambuja Cements, now a key part of the Adani Group, has surpassed 100 MTPA capacity and plans to reach 140 MTPA by FY28, driven primarily by brownfield expansions
Adani family co crosses 100 mtpa capacity milestone
Ambuja Cements Q4 FY25 company result: The board of directors recommended a dividend of ₹2 per equity share of face value of ₹2 each fully paid-up for FY25, pending shareholder approval
Adani Group-owned Ambuja Cements has completed the acquisition of 37.8 per cent promoters' stake of CK Birla group firm Orient Cement Ltd (OCL) and has become a promoter. With this, the total shareholding of Ambuja Cements in OCL has gone up to 46.66 per cent, as it has also acquired 1.82 crore share representing 8.87 per cent from public shareholders of OCL. "Ambuja has completed the acquisition of 7,76,49,413 equity shares (representing 37.79 per cent of equity share capital) of the company from the promoter group," said a regulatory filing from OCL. Pursuant to the acquisitions from the promoter group and public shareholders, Ambuja has acquired sole control of OCL and has become the promoter of the company, it added. Last October, Ambuja Cements had announced to acquire OCL at a valuation of Rs 8,100 crore as part of its expansion drive.
All key cement demand drivers are in place and the sector should drive robust sector volume growth of 7-8 per cent CAGR over the medium term, UBS said
Higher volume, one-time tax-related reversals and receipt of certain governemnt incentives aided profitability
Q3FY25 company results, January 29: Ambuja Cements, JK Paper, Bajaj Finance, Jindal Stainless, Hindustan Motors will be among 97 companies to release their reports for the Oct-Dec quarter
Nomura analysts project a 6 per cent year-on-year (Y-o-Y) volume growth for the Indian cement industry in FY26F, compared to an estimated 3 per cent in FY25F
Under the deal, Ambuja Cements will issue 12 equity shares of the face value of Rs 2 each for every 100 equity shares of Sanghi Industries of face value Rs 10 each
Stocks to watch on December 18, 2024: Ambuja Cements approved a scheme of arrangement for the amalgamation of Sanghi Industries and Penna Cement Industries with Ambuja Cements
The Adani Group-promoted firm had acquired SIL and PCIL in 2023 and 2024 respectively
Ambuja Cements, part of Adani Group firm, on Friday announced the commissioning of a 200 MW solar power project in Khavda, Gujarat, to supply green power to 20 cement plants. The Khavda project is part of Adani Cements' plan to have 1 GW of renewable power from solar and wind projects, along with 376 MW from WHRS (Waste Heat Recovery Systems). "The balance 806 MW capacity from this project is at various stages of commissioning and expected to start transmitting in phases between March 2025 and June 2025," said a statement. Of the remaining 806 MW capacity from this project, 156 MW of wind power from Khavda and a further 300 MW of solar power from Rajasthan are expected to be commissioned by March 2025 in phases. The balance of 350 MW of solar power is expected to be commissioned by June 2025. This will "positively impact the company's EBITDA" as this development leads to an impressive 70 per cent savings compared to current power cost, it added. The company is spending around Rs
The renewed investor interest in the cement shares came on the back of reports that cement dealers have initiated price hikes since the start of December
While FY25 is seeing slow growth and subdued govt spending, CareEdge maintains a long-term outlook aligned with India's broader growth strategy with housing, continuing to be primary driver of cement.
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 Rs 8,100-crore deal. According to a CCI notice, the proposed transaction is a two-stage acquisition process, initiated through two share purchase agreements (SPAs) on October 22, 2024, will see Ambuja Cements initially acquiring a 46.80 per cent stake in Orient Cement. This includes a 37.90 per cent stake from the current promoter group and an additional 8.90 per cent from certain public shareholders. Pursuant to the acquisition of shares, it "triggers an obligation on the acquirer to make an open offer under Sebi's SAST (Substantial Acquisition of Shares and Takeovers) rules for acquisition of up to 26 per cent of the expanded share capital of the target (open offer)", according to the notice. Assuming full acceptance of open offer, the stake of Ambuja Cements will stand at 72.8 per cent, said a not
Gap in the two competitors' reserves is narrower than that in manufacturing capacities
Q2FY25 company results: Indian Oil, Ambuja Cements, Aditya Birla Sun Life AMC, Sun Pharma and more will report their second-quarter earnings on October 28
Adani pips Ultratech, makes open offer for CK Birla firm at Rs 395.40 a share