Ambuja Cements | Business Upturn

Ambuja Cements reports violation of insider trading regulations with Rs 1,29,890 transaction

Arunika Jain — Wed, 06 May 2026 11:18:28 +0000

Ambuja Cements Limited has reported a violation of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, by one of its designated persons, Mr. Kiran Kotian. The breach involved trading in 250 equity shares of the company during a closed trading window, with a total transaction value of ₹1,29,890.

The company detailed the violation in compliance with Regulation 9(1) read with Schedule B of the SEBI PIT Regulations, 2015. The transaction occurred on various dates, including a contra trade, which is prohibited during the trading window closure period.

As a result of this breach, Ambuja Cements has taken disciplinary action against Mr. Kotian. The company issued a warning letter, imposed a penalty of ₹25,005, and ordered the disgorgement of profits amounting to ₹1,595. These amounts have been directed to be deposited into the Investors Protection and Education Fund (IPEF).

The company stated that the action was taken as the trade, although unintentional, violated the company’s internal code of conduct. No previous instances of such violations were reported since the last financial year.

The penalty and disgorgement amounts were transferred online by Mr. Kotian, with the penalty transaction completed on March 16, 2026, and the disgorgement on April 10, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements reports highest ever annual volume of 73.7 MnT with EBITDA of Rs 887 PMT

Business Desk — Mon, 04 May 2026 08:48:20 +0000

Ambuja Cements Limited has announced its highest ever annual sales volume of 73.7 million tonnes (MnT) and an annual EBITDA of ₹887 per metric tonne (PMT) for the financial year ending 31st March 2026. The company’s EBITDA for FY26 stands at ₹6,539 crore, marking a 31% year-on-year increase.

In the fourth quarter of FY26, Ambuja Cements achieved its highest ever quarterly sales volume of 19.9 MnT, representing a 10% increase compared to the same period last year. The company also reported its highest ever quarterly revenue of ₹10,915 crore, up 9% year-on-year, with an operating EBITDA of ₹1,464 crore and a margin of 13.4%.

Ambuja Cements remains debt-free and declared a dividend of ₹2 per share. The company successfully completed the amalgamation of Sanghi and Penna Cement, with Sanghi being delisted from stock exchanges as of 6th April 2026. Additionally, ACC and Orient Cement have filed necessary applications with BSE and NSE and are awaiting no-objection certificates from SEBI.

The company has commissioned a clinkering line with a 3 MTPA capacity at Jodhpur and has started trial runs for a 1.2 MTPA Dahej GU Line 2. The share of green power increased from 26% to 32% year-on-year in Q4.

Ambuja Cements faced cost pressures due to geopolitical factors in West Asia, impacting fuel, diesel, and packaging bag supply constraints, as well as rupee depreciation. The company is implementing cost-mitigation strategies, including fuel mix optimisation and increased use of renewable energy.

The company’s balance sheet remains strong, with a net worth of ₹71,846 crore and cash and cash equivalents of ₹1,770 crore. Ambuja Cements holds AAA/A1+ credit ratings from CRISIL and CARE, ensuring healthy cash flows to support its Capex programme.

In FY26, Ambuja Cements expanded its total cement capacity to 109 MTPA, with new grinding units and additional clinker capacity. Further capacity expansions are planned for H1FY27, with the total capacity expected to reach approximately 119 MTPA.

Ambuja Cements is advancing its enterprise digitalisation efforts and strengthening district-level ownership through digitalised visibility. The company remains committed to sustainability and long-term capability building, engaging employees, customers, and partners through various platforms.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top Q4 Results Today, May 4: BHEL, Ambuja Cements, Godrej Properties, Tata Technologies and more to announce earnings

Aman Shukla — Mon, 04 May 2026 02:55:16 +0000

A packed earnings day is set to keep Dalal Street busy, as nearly 45 companies line up to announce their Q4 FY26 results on Monday, May 4. The disclosures will provide key insights into sector-wise performance trends, margin movements, and outlook for FY27.

Heavyweights across sectors—including defence, cement, finance, real estate, auto-tech, and chemicals—are part of today’s result calendar. Among the most closely tracked names are Bharat Heavy Electricals Limited, Ambuja Cements Limited, Jindal Stainless Limited, Godrej Properties Limited, and Tata Technologies Limited.

Investors will also keep a close watch on companies such as Tata Chemicals Limited, Wockhardt Limited, Ather Energy Limited, Manappuram Finance Limited, Exide Industries Limited, and Petronet LNG Limited, as their results could signal demand trends across consumption, energy, and financial services.

Financial and capital market players such as IIFL Capital Services Limited and Computer Age Management Services Limited are expected to shed light on retail participation and market-linked revenues. Meanwhile, infrastructure and industrial-focused companies like KEI Industries Limited and Quess Corp Limited could offer cues on capex and hiring trends.

Full List of Companies Announcing Q4 FY26 Results on May 4

The broader list includes:

Aarti Industries Limited, Aditya Birla Capital Limited, Ambuja Cements Limited, Antelopus Selan Energy Limited, Ather Energy Limited, AVG Logistics Limited, Bharat Heavy Electricals Limited, Bodhi Tree Multimedia Limited, Computer Age Management Services Limited, CSB Bank Limited, De Nora India Limited, Exide Industries Limited, Godrej Properties Limited, IIFL Capital Services Limited, Jaiprakash Power Ventures Limited, Jindal Stainless Limited, Jyothy Labs Limited, KEI Industries Limited, Kothari Sugars and Chemicals Limited, Krishival Foods Limited, Latent View Analytics Limited, Manappuram Finance Limited, NACL Industries Limited, Nath Bio-Genes (India) Limited, Oriental Hotels Limited, Petronet LNG Limited, Premier Energies Limited, Quess Corp Limited, SecUR Credentials Limited, SG Mart Limited, Sobha Limited, Somany Ceramics Limited, South West Pinnacle Exploration Limited, Tata Chemicals Limited, Tata Technologies Limited, and Wockhardt Limited.

ACC reports highest-ever quarterly revenue of Rs 7,146 crore in Q4 FY26

Business Desk — Thu, 30 Apr 2026 12:10:08 +0000

ACC Limited, part of the Adani Cement Portfolio, has reported its highest-ever quarterly revenue of ₹7,146 crore for Q4 FY26, marking a 17% year-on-year increase. This growth was driven by a higher premium product mix, with the share of premium cement in trade sales rising from 41% to 45% year-on-year. The company also achieved its highest-ever sales volume for a quarter at 11.9 million tonnes, reflecting an 8% year-on-year growth.

In addition to the impressive revenue figures, ACC reported a significant increase in its ready-mix concrete (RMC) volume, which reached 1.14 million cubic metres, up by 33% year-on-year. The EBITDA for RMC also saw a substantial rise of 79% year-on-year to ₹102 crore. The company’s capacity utilisation improved by approximately 9% sequentially to around 80%, and it continues to remain debt-free with the highest credit rating. A dividend of ₹7.5 per equity share has been declared.

Looking ahead, ACC is set to expand its capacity with the Salai Banwa (UP) and Kalamboli (MH) projects, which will add 3.4 million tonnes per annum in Q1 FY27. The company is also increasing its green power share, which rose from 22% to 31% year-on-year in Q4. Furthermore, ACC’s board has approved the amalgamation with Ambuja Cements, with the merger scheme filed with stock exchanges and awaiting SEBI’s no-objection certificate, expected to be completed by FY27.

Despite facing cost pressures due to the West Asia conflict, including increased fuel and diesel costs, ACC is actively implementing cost-mitigation strategies. These include optimising fuel mix, increasing renewable energy usage, and reducing logistics costs via rail and sea.

Mr. Vinod Bahety, Whole-Time Director & CEO of ACC Limited, highlighted the company’s sustained performance amidst global volatility and energy cost pressures. He noted the highest-ever sales volume and revenue achieved during the quarter, driven by strong brand penetration and disciplined execution across operations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements launches ‘Saksham Niveshak’ campaign to address unpaid dividends

Arunika Jain — Thu, 23 Apr 2026 14:31:41 +0000

Ambuja Cements has announced the launch of its Second 100 Days Campaign, titled ‘Saksham Niveshak’, aimed at reaching out to shareholders with unpaid or unclaimed dividends. The campaign, running from 1 April 2026 to 9 July 2026, is in response to a request from the Investor’s Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs.

The ‘Saksham Niveshak’ campaign seeks to create awareness among shareholders about the importance of updating their details and claiming any unpaid or unclaimed dividends before they are transferred to the Investor Education and Protection Fund (IEPF). Shareholders are encouraged to update their Permanent Account Number (PAN), nomination details, contact information, bank account details, and specimen signature with the company or its Registrar & Transfer Agent, MUFG Intime India Private Limited.

To facilitate the process, shareholders are required to submit various forms. Form ISR-1 and ISR-2, along with self-attested KYC documents, need to be sent either by post to MUFG Intime India Private Limited in Mumbai or via email from the registered email ID. Additionally, Form SH-13 is required for adding a nominee, while Form ISR-3 is for those opting out of nomination. Shareholders can also use MUFG’s online portal to upload these documents.

For shareholders holding shares in electronic form, the company advises updating or modifying their details with their respective Depository Participants to claim dividends. Ambuja Cements will send letters or emails detailing unpaid dividends and the process for claiming them, to prevent their transfer to the IEPF authority.

The company has made the list of unclaimed or unpaid dividends for the past seven years available on its website. Shareholders are urged to take note of these instructions and act accordingly to claim their dividends.

For further assistance or queries related to the ‘Saksham Niveshak’ campaign, shareholders can contact the company via the provided email addresses.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements faces Rs 19.3 crore GST demand order

Kinjal — Sat, 11 Apr 2026 07:10:28 +0000

Ambuja Cements has received a demand order amounting to ₹19,29,92,594 under Section 74 of the GST Act, 2017, from the Superintendent (ADJ.) CGST and CX Nagpur-I. The order includes penalties and interest, and the company is preparing to file an appeal against it.

The demand order was issued due to allegations of excess availment of ineligible Input Tax Credit (ITC) resulting from mismatches in GSTR 2B and delayed GST payments under reverse charge on mining royalty for the financial years 2019-20 to 2022-23. Despite the significant amount involved, Ambuja Cements has stated that it does not anticipate any material impact on its financial, operational, or other activities.

The company is actively taking steps to contest the order and ensure compliance with the necessary regulations. The details of the order and the company’s response have been disclosed in accordance with the SEBI Listing Regulations and the SEBI Circular dated January 30, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements announces suspension of Sanghi Industries shares from trading

Yash Agarwal — Mon, 06 Apr 2026 11:02:22 +0000

Ambuja Cements Limited has announced the suspension of trading in the equity shares of Sanghi Industries Limited as part of a Scheme of Amalgamation. The suspension, effective from April 6, 2026, follows approvals from the National Stock Exchange of India (NSE) and BSE Limited.

The NSE, through a circular issued under Regulation 3.1.2 of the NSE (Capital Market) Trading Regulations – Part A, stated that the equity shares of Sanghi Industries Limited (Symbol: SANGHIIND, Series: EQ) will be suspended from trading from the closing hours of April 2, 2026. This suspension is in line with the Scheme of Amalgamation involving Sanghi Industries and Ambuja Cements.

Similarly, BSE Limited, via Notice No. 20260401-56 dated April 1, 2026, informed trading members about the suspension of dealings in Sanghi Industries’ equity shares (Scrip Code: 526521) effective April 6, 2026. This decision was made pursuant to the Scheme of Arrangement approved by the National Company Law Tribunal, Ahmedabad Bench.

The Scheme of Amalgamation between Sanghi Industries Limited and Ambuja Cements Limited, along with their respective shareholders, marks a significant step in the restructuring process. The record date for the amalgamation was set for April 6, 2026, as previously disclosed by Ambuja Cements on March 12, 2026.

This announcement has been made available on the official website of Ambuja Cements Limited.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ambuja Cements receives Care EDGE ESG 1+ rating for environmental and social governance

Business Desk — Tue, 24 Mar 2026 17:44:21 +0000

Ambuja Cements has received an ESG rating of Care EDGE – ESG 1+ from CARE ESG Ratings Limited, marking recognition of the company’s leadership position in managing environmental, social and governance risk.

The rating designation indicates best-in-class disclosures, policies and performance across ESG metrics. The assignment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows guidance issued by SEBI through its Master Circular dated 30 January 2026.

The Care EDGE – ESG 1+ rating represents the highest recognition tier within CARE’s ESG rating framework. The rating reflects Ambuja Cements‘ demonstrated commitment to sustainable business practices, comprehensive environmental stewardship, robust social responsibility initiatives and strong governance structures.

The company has disclosed the rating through filings submitted to the National Stock Exchange of India and BSE Limited. Ambuja Cements holds NSE scrip code AMBUJACEM and BSE code 500425. The company is also listed on the Luxembourg Stock Exchange under code US02336R2004.

The rating intimation has been uploaded to the company’s website at www.ambujacement.com for public access and stakeholder reference.

Ambuja Cements, registered in Ahmedabad, Gujarat, continues to strengthen its ESG framework as part of its broader commitment to sustainable operations and stakeholder value creation.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top Q3 results today, January 30: Nestle India, NTPC, Power Grid, Bank of Baroda, Bajaj Auto, Ambuja Cements and more to announce earnings

Aman Shukla — Fri, 30 Jan 2026 02:51:04 +0000

January 30 is a busy earnings day for Indian markets, with a large number of companies across sectors announcing their Q3 financial results for the quarter ended December 2025. From heavyweight PSU players and blue-chip FMCG names to pharma, cement, banking, power, and mid-cap industrial firms, today’s earnings calendar is packed and could drive stock-specific action through the session.

Several marquee names are in focus, including Nestle India Ltd., NTPC Ltd., Power Grid Corporation of India Ltd., Bank of Baroda, Bajaj Auto Ltd., Ambuja Cements Ltd., LIC Housing Finance Ltd., Dr. Lal PathLabs Ltd., and National Aluminium Company Ltd..

The banking and financial services space is particularly active, with results due from lenders and NBFCs such as Cholamandalam Investment and Finance Company Ltd., ESAF Small Finance Bank Ltd., Northern Arc Capital Ltd., Tourism Finance Corporation of India Ltd., and Manraj Housing Finance Ltd.

In the FMCG, consumption, and lifestyle segment, earnings from Procter & Gamble Hygiene and Health Care Ltd., Godfrey Phillips India Ltd., Relaxo Footwears Ltd., Navneet Education Ltd., and Medplus Health Services Ltd. are expected to reflect demand trends during the festive and early winter period.

The pharma and healthcare space is also in focus, with results scheduled from Ajanta Pharma Ltd., Glenmark Pharmaceuticals Ltd., Strides Pharma Science Ltd., Aster DM Healthcare Ltd., and Jupiter Life Line Hospitals Ltd..

From the infrastructure, power, and metals pack, market participants will track earnings from Steel Authority of India Ltd., Jindal Steel Ltd., Welspun Corp Ltd., KEC International Ltd., Ashoka Buildcon Ltd., and Reliance Power Ltd.. Performance in these names may set the tone for sectoral sentiment.

Apart from large and mid-cap stocks, a long list of small-cap and micro-cap companies across textiles, chemicals, packaging, logistics, education, and specialty manufacturing are also declaring their Q3 numbers today.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Ambuja Cements shares jump over 4% after board approves major merger with ACC and Orient Cement

Aman Shukla — Tue, 23 Dec 2025 03:45:20 +0000

Shares of Ambuja Cements rose more than 4% in early morning trade after the company announced the approval of a large-scale merger involving ACC Ltd and Orient Cement Ltd. The move marks a significant consolidation within the Adani Group’s cement portfolio and paves the way for the creation of a single, pan-India cement platform.

Ambuja Cements, which is part of the Adani Group, stated that its board has approved separate schemes of amalgamation to merge both ACC and Orient Cement into Ambuja. While all three entities will operate under one unified corporate structure after the merger, their individual brands will continue to be marketed independently across their respective regions.

According to the company’s disclosure, the consolidation is aimed at improving operational efficiency, optimising capital allocation, and simplifying the overall corporate structure. The entire merger process is expected to be completed over the next year, subject to regulatory and shareholder approvals.

As part of the transaction, Ambuja Cements will issue equity shares to shareholders of ACC and Orient Cement under a defined share swap arrangement. ACC shareholders will receive 328 equity shares of Ambuja Cements with a face value of ₹2 each for every 100 ACC shares of face value ₹10. Meanwhile, Orient Cement shareholders will receive 33 equity shares of Ambuja Cements of face value ₹2 each for every 100 Orient Cement shares with a face value of ₹1.

The company highlighted that the merger is expected to unlock significant financial and operational synergies. These include optimisation of manufacturing and logistics networks, reduction in administrative overheads, and elimination of structural duplications. Ambuja Cements estimates that efficiencies across branding, distribution, and promotional activities could enhance margins by up to ₹100 per tonne.

This consolidation also aligns with Ambuja’s long-term growth strategy. The company plans to expand its cement production capacity from the current 107 million tonnes per annum to 155 million tonnes per annum by FY28. Management indicated that the merged entity is expected to maintain a strong and largely debt-free balance sheet, supporting future expansion plans.

In addition to ACC and Orient Cement, Ambuja Cements revealed that schemes for the amalgamation of Sanghi Industries and Penna Cement are currently under evaluation and at various stages of approval. Once these processes are completed, stakeholders across all entities are expected to engage with a single, unified company.

The post-merger organisation will also operate under a consolidated ESG framework, with a focus on renewable energy adoption, low-carbon cement production, and sustainable manufacturing practices. Investors reacted positively to the announcement, viewing the merger as a strategic step towards building scale, improving profitability, and strengthening Ambuja Cements’ position in India’s competitive cement industry.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Top stocks to watch today, December 2: Hero MotoCorp, HUL, Bharat Dynamics, Tata Communications, Ambuja Cements and more

Aman Shukla — Tue, 02 Dec 2025 02:54:36 +0000

The Indian stock market ended Monday, December 1, on a flat note, with benchmark indices showing limited movement for the second straight session. The Sensex slipped 65 points, or 0.08%, to close at 85,641.90, while the Nifty 50 dipped 27 points, or 0.10%, to 26,175.75. Here are the top stocks to watch today, December 2.

Top Stocks to Watch Today

Hero MotoCorp

Hero MotoCorp reported strong November sales, with total volumes rising 31.5%, surpassing estimates of 29%. Continued recovery in demand and improved festive momentum remain key triggers for the stock today.

Hindustan Unilever (HUL)

The board has approved the appointment of Vandana Suri as Executive Director, Home Care India, effective January 1, 2026. Leadership changes at senior levels may drive investor attention.

NMDC

The mining major posted an 11% increase in iron ore production, while sales rose 4.3% YoY, reflecting sustained operational performance.

Ambuja Cements

Ambuja commissioned a 4 mtpa clinker expansion at its Bhatapara unit in Chhattisgarh. The capacity addition aligns with the company’s broader growth strategy.

Pharma Sector

The WHO has recommended GLP-1 drugs for obesity treatment, while the US–UK tariff deal on pharma products may impact sector sentiment. Several pharmaceutical stocks could see action.

Tata Communications

Its subsidiary has acquired a 51% stake in a US-based software firm for ₹227 crore, strengthening its digital solutions portfolio.

Bharat Dynamics

The company secured additional defence orders worth ₹2,462 crore from the Indian Army since November 13, supporting its order book visibility.

Info Edge

Hiring activity improved in November, with overall recruitment up 23%. IT sector hiring rose 14%, and the education segment saw a 44% rise, indicating broad-based improvement.

IRB Infrastructure

IRB will transfer VM7 to IRB InvIT for ₹513 crore and act as project manager for 15 years, generating ₹246 crore in revenue over the period.

MOIL

The company increased ferro-manganese ore prices by 3% across grades above and below 44% manganese.

Vodafone Idea

According to the Telecom Ministry, the government aims to outline the contours of a relief package for the sector by year-end. The update may influence the stock’s movement.

KEI Industries

KEI has initiated trial production at Phase 1 of its Sanand unit, with commercial operations expected from December 10.

Raymond Realty

The company launched its new BKC project, carrying an estimated revenue potential of ₹2,000 crore.

Force Motors

The automaker reported 53% YoY growth in November sales, delivering 2,883 units vs 1,885 units last year.

Syrma SGS

The company has started groundwork for a new PCB manufacturing unit in Andhra Pradesh, supporting its expansion plans.

Afcons Infrastructure

Afcons secured EPC orders worth ₹884 crore in November, adding to its execution pipeline.

Emmvee Photovoltaic

The company’s Q2 EBITDA rose 14%, with margins improving to 35.32% compared with 34.11% in the previous quarter.

NRB Bearings

NRB has entered into a joint venture agreement with Italian firm Unitec to produce cylindrical roller bearings.

Bajaj Housing Finance

Bajaj Finance is likely to offload 2% equity via block deals, with a floor price set at a 9.6% discount to the current market price.

Bank of Maharashtra

The government will sell up to 6% equity via an OFS, with the floor price fixed at a 6% discount to the CMP. This may create near-term supply pressure.

Top Q1 results today, July 31: Adani Enterprises, HUL, Maruti Suzuki India, Vedanta, Ambuja Cements and more to announce earnings

Aman Shukla — Thu, 31 Jul 2025 03:08:01 +0000

As the earnings season rolls on, a wave of Indian companies across sectors are set to release their financial results for the first quarter of FY2025-26 on Thursday, July 31, 2025. From FMCG majors and auto giants to pharma leaders and financial services firms, investors and analysts will be closely watching these updates for fresh insights into corporate performance amid evolving market dynamics.

Major Companies to Announce Q1 FY26 Results

Some of the most anticipated results include:

Hindustan Unilever Ltd (HUL)
Maruti Suzuki India Ltd
Sun Pharmaceutical Industries Ltd
Adani Enterprises Ltd
Coal India Ltd
Vedanta Ltd
Ambuja Cements Ltd
Eicher Motors Ltd
TVS Motor Company Ltd
Cholamandalam Investment and Finance Company Ltd

Other Noteworthy Names Reporting on July 31

Apart from the headline-makers, many mid-cap, small-cap, and newly listed companies will also be reporting their Q1 numbers:

Mankind Pharma, Swiggy, Dabur India, JSW Energy, PB Fintech, Thermax, Radico Khaitan, Gillette India, Dr Lal PathLabs, and Timken India.
Emami, TVS Holdings, JSW Holdings, Chambal Fertilisers, Sundram Fasteners, Chalet Hotels, and Neuland Laboratories.
Other names include Aarti Industries, City Union Bank, Sanofi India, Great Eastern Shipping, Indegene, Jubilant Ingrevia, Saregama India, ICRA, DCB Bank, TeamLease Services, Nucleus Software, Steelcast, Panama Petrochem, and Accelya Solutions.
Additionally, Q1 earnings will be announced by One Mobikwik Systems, Barbeque Nation Hospitality, Zuari Agro Chemicals, Royal Orchid Hotels, Wonderla Holidays, TCPL Packaging, Pricol, Skipper, Paushak, and several others.

Ambuja Cements gets NSE nod for merger with Sanghi Industries

Aman Shukla — Thu, 17 Jul 2025 14:05:35 +0000

Ambuja Cements has received a ‘no objection’ letter from the National Stock Exchange of India (NSE) for its proposed merger with Sanghi Industries. The green light follows the company’s earlier announcement on December 17, 2024, where its Board approved the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013.

The NSE’s observation letter, dated July 17, 2025, includes key conditions the company must fulfill before approaching the National Company Law Tribunal (NCLT). These include full disclosures of pending legal proceedings, adherence to SEBI regulations, and detailed financial information to shareholders. The scheme also mandates that all shares issued under the merger be in demat form.

While the NSE’s nod is a crucial milestone, the merger is still subject to several statutory, regulatory, and shareholder approvals. Ambuja Cements has confirmed it will upload the observation letter on its official website for public access.

The NSE clarified that its “no objection” does not imply approval of the scheme’s financials or company operations, and it reserves the right to raise objections if discrepancies are found later.

In the meantime, Ambuja Cements shares closed at ₹595.00 on July 17, slightly down from the opening price of ₹595.40. The stock touched an intraday high of ₹595.85 and a low of ₹589.50 during the session. Ambuja remains well below its 52-week high of ₹695.00 but comfortably above the 52-week low of ₹453.05.

Ambuja Cements subsidiary commissions 1.5 MTPA grinding unit at Sindri, Jharkhand

Aman Shukla — Wed, 09 Jul 2025 11:25:33 +0000

Ambuja Cements announced that its subsidiary, ACC Limited, has successfully commissioned a brownfield Grinding Unit project at its Sindri Plant in Jharkhand. The new unit adds 1.5 million tonnes per annum (MTPA) to the company’s cement production capacity, taking the total installed capacity across Ambuja and ACC to 104.45 MTPA.

This expansion reflects the company’s ongoing commitment to strengthening its footprint and driving long-term growth in India’s booming infrastructure sector.

In the exchange filings, the company shared, “We would like to inform that ACC Limited, a subsidiary of the Company has successfully commissioned brownfield Grinding Unit project at Sindri Plant, Jharkhand for 1.5 Million Ton Per Annum (MTPA), increasing our total installed cement capacity to 104.45 MTPA.”

In the meantime, Ambuja Cements shares closed at ₹590.00 on July 9, slightly lower from the day’s opening of ₹591.00. The stock touched an intraday high of ₹595.95 and a low of ₹589.00. Over the past 52 weeks, the share has seen a high of ₹695.00 and a low of ₹453.05.

Ambuja Cements shares jump 2% as Nuvama maintains ‘Buy’ rating with Rs 694 target

Aman Shukla — Wed, 02 Jul 2025 07:17:59 +0000

Ambuja Cements shares rose around 2% after brokerage firm Nuvama maintained its ‘buy’ rating on the stock with a target price of ₹694. The company, part of the Adani Group, remains on Nuvama’s radar due to its ongoing capex plans and focus on cost-efficiency.

According to the brokerage, the cement sector is likely to see a slight improvement in capacity utilisation in the near term. The demand outlook continues to look stable, supported by ongoing infrastructure activity led by government initiatives.

Ambuja Cements is expected to benefit from this trend, with its strategic investments and operational efficiencies playing a key role in its growth trajectory.

Ambuja Cements shares opened at ₹582.00 and touched a high of ₹593.50 during the session. The stock recorded a low of ₹581.55. Over the past 52 weeks, Ambuja Cements has seen a high of ₹706.95 and a low of ₹453.05. As of 12:46 PM, the shares were trading 2.02% higher at Rs 591.70.

Ambuja Cements shares jump 2.5% after UBS upgrades stock to Buy rating with price target of Rs 620

Aman Shukla — Tue, 25 Mar 2025 04:15:04 +0000

Shares of Ambuja Cements surged 2.5% on Tuesday after global brokerage UBS upgraded the stock from ‘Sell’ to ‘Buy,’ citing improving fundamentals in the Indian cement sector. The firm also raised its target price (TP) to ₹620 from ₹475, signaling strong upside potential.

UBS believes that the recent downturn in the cement industry is nearing its end, with factors such as demand recovery, easing cost pressures, and industry consolidation paving the way for an earnings upcycle from FY26 onward. The brokerage highlights that cement prices fell nearly 8% in the first nine months of FY25, weighing on sector profitability. However, a bottoming-out trend is emerging, with price stabilization expected soon.

Moreover, structural cost-saving initiatives across major players—including logistics optimization and energy efficiency improvements—are projected to drive margin recovery. UBS also anticipates higher demand driven by a housing market upcycle and increased government infrastructure spending, which will support volume growth for cement companies like Ambuja Cements.

Ambuja Cements’ stock opened at ₹530.00 and touched an intraday high of ₹533.00 and a low of ₹520.30. The stock remains well below its 52-week high of ₹706.95 but stays above its 52-week low of ₹453.05.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Ambuja Cements shares decline nearly 3% as brokerages trim estimates

Aditya Bhagchandani — Thu, 30 Jan 2025 04:24:35 +0000

Shares of Ambuja Cements fell 2.96% to ₹506.65 during Tuesday’s session as leading brokerages adjusted their estimates downward following weak Q3 performance and heightened competitive pressures in the market. The stock faced selling pressure amid concerns over cost savings and growth execution.

Jefferies’ Take on Ambuja Cements: The brokerage retained its ‘BUY’ rating but trimmed its target price to ₹670 from ₹725. Jefferies reduced its consolidated EBITDA estimates for FY25-FY27 by 7-19%, factoring in the weak Q3 results and delays in realizing cost savings. It emphasized that execution would be key to regaining investor confidence.

Nuvama’s View: Nuvama upgraded its rating on Ambuja Cements to ‘BUY’ from ‘HOLD,’ raising the target price to ₹676 from ₹667. Despite revising EBITDA estimates for FY25, FY26, and FY27 downward by 17%, 4%, and 3%, respectively, it highlighted that the stock’s recent decline had made valuations attractive and presented growth potential.

Morgan Stanley’s (MS) Outlook: MS maintained an ‘Overweight’ rating with a target price of ₹675, highlighting that the company’s consolidated EBITDA of ₹17.1 billion was approximately 29% higher than its estimates. The reported EBITDA per tonne was ₹1,038 against their estimate of ₹869. Additionally, Ambuja Cements had a strong cash position of ₹88 billion, which provides support for future growth initiatives.

Stock Performance: The shares traded within a day range of ₹497.10 to ₹528.30, with a market cap of ₹1.11 trillion. The stock has faced volatility due to recent earnings downgrades, but brokerages remain divided on its long-term prospects, making execution and future growth key metrics to watch.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.

Ambuja Cements shares rise nearly 3% as Macquarie maintains ‘Outperform’ with target price of Rs 618

Aditya Bhagchandani — Tue, 21 Jan 2025 04:06:06 +0000

Shares of Ambuja Cements Ltd gained over 2% today, trading at ₹548.05, following a positive outlook for the cement sector from Macquarie. The brokerage anticipates demand recovery and pricing improvements from the second half of CY24, which could lead to significant margin expansion across the industry.

Key Insights from Macquarie’s Analysis:

Demand Recovery & Pricing: Expected demand rebound and potential price hikes in H2CY24 to support margin growth.
Industry Consolidation: Capacity consolidation and cost optimization strategies are likely to strengthen medium-term earnings for leading players.
EBITDA Adjustments: FY26 EBITDA estimates for major cement firms reduced by 5-14% to reflect ongoing pricing pressures.

Stock Rating: Ambuja Cements: Outperform; Target Price ₹618.

Ambuja Cements Share Price history

Day	Open	Close	Change %
Mon, Jan 20 2025	₹538.75	₹535.35	-0.17%
Fri, Jan 17 2025	₹542.00	₹536.25	-0.72%
Thu, Jan 16 2025	₹534.00	₹540.15	+4.02%
Wed, Jan 15 2025	₹518.00	₹519.30	+0.77%
Tue, Jan 14 2025	₹494.10	₹515.35	+4.49%
Mon, Jan 13 2025	₹504.00	₹493.20	-3.53%
Fri, Jan 10 2025	₹522.10	₹511.25	-2.67%
Thu, Jan 9 2025	₹539.00	₹525.25	-2.38%

Macquarie’s optimism centers around steady capacity utilization, cost efficiencies, and recovery in demand trends. Investors are advised to monitor pricing and demand patterns as critical growth indicators for the sector.

Disclaimer: This information is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making investment decisions.

Ambuja Cements to merge Sanghi Industries and Penna Cement to streamline operations

Aditya Bhagchandani — Tue, 17 Dec 2024 12:33:26 +0000

Ambuja Cements, part of the Adani Group, has announced the amalgamation of its subsidiaries Sanghi Industries Limited (SIL) and Penna Cement Industries Limited (PCIL) into the parent company. The move aims to enhance shareholder value, streamline operations, and simplify compliance requirements for effective governance.

Key Highlights of the Merger:

Share Exchange Ratio: For every 100 equity shares of SIL (face value ₹10 each), Ambuja Cements will issue 12 equity shares (face value ₹2 each) to eligible shareholders.
Expected Completion: The transaction is anticipated to be completed within 9-12 months, subject to requisite approvals from stakeholders and regulatory authorities.

Sanghi Industries’ Assets:

Clinker Capacity: 6.6 million tonnes per annum (MTPA)
Cement Capacity: 6.1 MTPA
Limestone Reserves: ~1 billion tonnes
SIL operates India’s largest single-location cement and clinker unit, equipped with a captive jetty and power plant.

Penna Cement’s Assets:

Operational Capacity: 10 MTPA across four integrated plants in Andhra Pradesh and Telangana, along with a grinding unit in Maharashtra.
Upcoming Plants: Two additional plants, each with 2 MTPA capacity, under construction in Krishnapatnam and Jodhpur.
Bulk Terminals: Five terminals located at Kolkata, Gopalpur, Karaikal, Kochi, and Colombo (Sri Lanka).

Strategic Rationale:

Ajay Kapur, CEO – Cement Business, Adani Group, stated,

“This merger will make our company more competitive and efficient while enhancing shareholder value. Unified cash flow management will enable faster expansion and cost savings. Additionally, a larger entity will deliver greater value and simplify compliance requirements.”

The amalgamation of SIL and Penna Cement strengthens Ambuja Cements’ market competitiveness by consolidating operations, pooling resources, and enabling economies of scale. This move also aligns with Ambuja Cements’ vision to expand capacity and boost market leadership in India’s growing cement sector.

About Ambuja Cements:

Ambuja Cements, a leading player in India’s cement industry and part of the Adani Group, has a cement capacity of 89 MTPA with 22 integrated plants and 21 cement grinding units nationwide. Recognized for its sustainable practices, the company is committed to clean, efficient manufacturing processes and reducing carbon emissions under the ‘Make in India’ initiative.

Ambuja Cements commissions 200 MW solar power project in Khavda, achieving 70% power cost savings

Aditya Bhagchandani — Fri, 13 Dec 2024 03:22:45 +0000

Ambuja Cements, a part of the diversified Adani Group, announced the commissioning of its 200 MW solar power project in Khavda, Gujarat, as part of its ambitious 1 GW renewable energy initiative. This milestone represents a significant step toward decarbonizing its operations, with the project expected to reduce power costs by 70%, thereby enhancing the company’s EBITDA.

The renewable energy project will supply green power to 20 cement plants, aligning with the company’s target to source 60% of its energy requirements from green sources by FY28. The total investment for this initiative stands at ₹10,000 crore, covering solar, wind, and Waste Heat Recovery Systems (WHRS).

CEO of Cement Business, Adani Group, Mr. Ajay Kapur, emphasized, “This project is a testament to our commitment to achieving net-zero emissions by 2050. By integrating renewable energy solutions into our value chain, we not only reduce operational costs but also deliver greater value to our stakeholders.”

Ambuja Cements has received clearance from the Western Regional Load Dispatch Centre (WRLDC) for this project. Additional capacities include 156 MW of wind power from Khavda and 300 MW of solar power from Rajasthan, scheduled for commissioning in phases by March 2025. The remaining 350 MW solar capacity is expected to be operational by June 2025.

The initiative highlights Ambuja Cements’ commitment to sustainability and its legacy of promoting environmentally responsible practices in the cement industry. The company aims to drive future-ready initiatives, contributing to a greener, more inclusive future.

Ambuja Cements’ market cap gains Rs. 3,546 crore today

Aditya Bhagchandani — Wed, 27 Nov 2024 06:13:07 +0000

Ambuja Cements’ shares surged by 2.92% to close at Rs. 508.10, resulting in a market capitalization increase of Rs. 3,546 crore. The company’s total market capitalization now stands at Rs. 1,25,151.30 crore.

Key Highlights:

Market Cap Increase: Rs. 3,546 crore
Current Market Cap: Rs. 1,25,151.30 crore
Stock Performance: Up 2.92% to Rs. 508.10
Trading Volume: 23.69 lakh shares
Traded Value: Rs. 118.42 crore
52-Week Range: High of Rs. 706.95 and low of Rs. 417.25

The stock demonstrated strong momentum, recovering from its recent 52-week low and reflecting renewed investor interest.

Ambuja Cements’ market cap gains ₹6,421 crore as shares surge over 5%

Aditya Bhagchandani — Fri, 22 Nov 2024 05:55:29 +0000

Shares of Ambuja Cements rose significantly today, climbing by 5.39% to ₹510.25 from the previous close of ₹484.15. This surge added ₹6,421 crore to the company’s market capitalization, which now stands at ₹1,25,680.88 crore.

The stock opened at ₹477.15 and reached an intraday high of ₹511.55 before stabilizing. A total of 55.48 lakh shares were traded during the session, amounting to a traded value of ₹275.88 crore. Ambuja Cements’ 52-week high is ₹706.95, while its 52-week low is ₹408.60.

The positive price movement reflects strong investor confidence, likely driven by improved sentiment in the construction and infrastructure sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your research or consult a financial advisor before making investment decisions.

Ambuja Cements’ market cap rises by Rs 1,222 crore: Know More

Aditya Bhagchandani — Mon, 18 Nov 2024 07:50:01 +0000

Ambuja Cements experienced a modest gain in its stock price today, rising by 0.90% to trade at Rs 549.40, up from the previous close of Rs 544.50. This increase has propelled the company’s market capitalization by approximately Rs 1,222 crore, bringing it to Rs 1,35,324 crore.

Key Trading Highlights:

Traded Volume: 9.92 lakh shares
Traded Value: Rs 54.14 crore
52-Week High: Rs 706.95 (02-Jul-2024)
52-Week Low: Rs 408.60 (23-Nov-2023)
VWAP (Volume Weighted Average Price): Rs 545.54
% of Deliverable Quantity: 59.21%

The stock has seen stable investor demand, reflecting confidence in the cement sector amidst infrastructure growth in India.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

Stock to Watch: Ambuja Cements sees 42.5% drop in Q2 net profit amid sector weakness

Aditya Bhagchandani — Tue, 29 Oct 2024 02:05:09 +0000

Ambuja Cements Ltd, a key player in the Adani Group, reported a significant decline in its consolidated net profit for Q2 FY25, with earnings attributable to the owners plunging 42.5% year-on-year (YoY) to ₹456 crore. This drop from ₹793 crore in the same period last year reflects ongoing price and demand challenges within the cement sector.

Key Financial Highlights:

Net Profit: ₹456 crore in Q2 FY25, down from ₹793 crore YoY.
Revenue: Marginal 1.2% YoY increase to ₹7,516 crore, indicating muted growth.
Sales Volume: Grew by 9% YoY, reaching 14.2 million tonnes for the quarter.

Despite the challenges in pricing and demand, Ambuja Cements’ sales volume growth reflects a steady operational performance. As of October 28, 2024, the stock closed at ₹569.40 on NSE, up 3.02%, indicating investor interest in the stock amid sector volatility.

With the cement sector facing ongoing headwinds, Ambuja Cements remains a stock to watch as it navigates these challenges under the Adani Group’s strategic direction.

Ambuja Cements shares jump over 3% as Q2 FY25 results beats estimates

Aditya Bhagchandani — Mon, 28 Oct 2024 07:40:05 +0000

Ambuja Cements shares surged over 3% today, hitting ₹564.15 after the company posted better-than-expected earnings for Q2 FY25. The company reported a consolidated profit of ₹500 crores, significantly exceeding CNBC-TV18 poll estimates of ₹301 crores. The stock saw a positive movement in response to the stronger-than-expected financial performance.

For the quarter ended September 2024, Ambuja Cements recorded revenue from operations at ₹7,516 crore, a marginal increase of 1% year-on-year. However, despite the revenue growth, EBITDA took a hit, falling 15% YoY to ₹190 crore. This was reflected in the EBITDA margin, which contracted to 16.15%, although the company outperformed estimates which had pegged the margin at 11.7%.

Key financial metrics for Q2 FY25:

Revenue from operations: ₹7,516 crore (+1% YoY)
PAT: ₹500 crore vs CNBC-TV18 poll estimate of ₹301 crore
EBITDA: ₹190 crore (-15% YoY)

The company’s efforts to optimize operational efficiencies and cut costs helped it exceed profit expectations. However, the overall margin compression was attributed to rising input costs, notably in power and fuel expenses, which stood at ₹1,817.5 crore during the quarter.

Ambuja Cements remains optimistic about improving performance in the upcoming quarters with anticipated recovery in the construction sector, driving demand for cement across regions.

Ambuja Cements Q2 FY25: Net Profit declines 52.1% YoY to ₹472.89 crore, Revenue flat at ₹7,516.11 crore

Aditya Bhagchandani — Mon, 28 Oct 2024 07:33:22 +0000

Ambuja Cements Limited has reported its financial results for the quarter ending September 30, 2024. The company posted a revenue from operations of ₹7,516.11 crore, a slight decrease from ₹8,311.48 crore in the previous quarter but a marginal increase compared to ₹7,425.95 crore in the same quarter last year.

The net profit for the quarter stood at ₹472.89 crore, down from ₹783.18 crore in the preceding quarter and ₹987.24 crore in Q2 FY24. This decline in profit can be attributed to various factors, including increased expenses in power and fuel, freight, and other operational costs.

Metric	Q2 FY25 (Sep 2024)	Q1 FY25 (Jun 2024)	Q2 FY24 (Sep 2023)	QoQ Change	YoY Change
Revenue from Operations	₹7,516.11 crore	₹8,311.48 crore	₹7,425.95 crore	-9.6%	+1.2%
Net Profit (PAT)	₹472.89 crore	₹783.18 crore	₹987.24 crore	-39.6%	-52.1%

Ambuja Cements reported an EBITDA of ₹6.8 billion for Q2 FY25, significantly surpassing the estimated ₹4.48 billion. The company’s EBITDA margin stood at 16.15%, which was notably higher than the estimated margin of 11.7%, reflecting stronger operational efficiency during the quarter.

Ambuja Cements to acquire 46.8% stake in Orient Cement at Rs 8,100 crore equity value

Aman Shukla — Tue, 22 Oct 2024 03:43:05 +0000

Ambuja Cements, part of Adani Group, has signed a binding agreement to acquire a 46.8% stake in Orient Cement for INR 8,100 crore. This acquisition would add 16.6 MTPA capacity to Ambuja’s portfolio, bringing its total operating capacity to more than 100 MTPA by FY 25. Ambuja intends to fund the acquisition through internal accruals while staying debt-free.

CK Birla, Chairman of Orient Cement and the CK Birla Group, stated, “The CK Birla Group is continuously reallocating capital to sharpen its focus on consumer centric, technology driven and service-based businesses. I take pride in Orient Cement’s impressive track record of building premium brands and maintaining a leading market share in the geographies it operates in. We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders”.

GQG Partners acquires significant stake in Ambuja Cements in ₹1,068 crore deal

Aditya Bhagchandani — Fri, 23 Aug 2024 15:59:55 +0000

GQG Partners has acquired 1.7 crore shares of Ambuja Cements at ₹625.5 per share, amounting to a total of ₹1,068 crore.

In addition to this, the GQG Partners Emerging Markets Equity Fund also bought 2.68 crore shares, representing a 1.08% stake in the company, at the same price of ₹625.5 per share. This data was revealed in the bulk deal records on the National Stock Exchange (NSE).

Holderind Investments, which is owned by billionaire Gautam Adani and his family, sold a 2.75% stake in Ambuja Cements, totaling 6.79 crore shares. The divestment is part of a strategic move to diversify the company’s shareholder base and attract long-term investors, particularly those focused on infrastructure assets.

Ambuja Cements shares closed 0.10% higher at ₹633.55 per share, slightly outperforming the BSE Sensex, which rose by 0.04%.

Ambuja Cement announces Rs 1,600 crore investment for cement grinding unit in Bihar

Aman Shukla — Sat, 03 Aug 2024 12:10:06 +0000

Ambuja Cements, owned by the Adani Group, has announced an investment of Rs 1,600 crore to develop a new cement grinding unit in Warisaliganj, Bihar. This development marks a major turning point in the company’s growth efforts, which aim to strengthen the local economy and generate a large number of job opportunities.

The 6 million tonnes per annum (MTPA) facility will increase Adani Cement’s production capacity, demonstrating the company’s commitment to sustainable infrastructure development in Bihar and all over India.

The project would be implemented in three phases, with the first phase of 2.4 MTPA at an investment of Rs. 1,100 crore expected to be operational by December 2025.

Adani Group stated in a press statement, “Adequate provisioning of land for future expansion is in place which will be commissioned in due course at much lower capex.”

The site is situated in Mosama village, Tehsil Warisaliganj, District Nawada, Bihar and is easily accessible by road and rail, with Warisaliganj railway station 1 km away and SH-83 about 500 meters away.

The region will be undergoing a significant transformation with the coming of the cement grinding facility, which will assist the state’s growing infrastructure demands while creating both direct and indirect employment opportunities.

Ambuja Cements Q1 Results: Profit drops 11.5% to ₹571 crore

Aditya Bhagchandani — Wed, 31 Jul 2024 08:20:04 +0000

Adani group’s Ambuja Cements reported its financial results for the April to June 2024 quarter on July 31. While the company’s profit surpassed market expectations, it fell short on revenue, margin, and EBITDA.

Financial Highlights:

– Profit: ₹571 crore

– Change: Declined by 11.5% from ₹645 crore in the same quarter last year

– Exceptional Gain: ₹13 crore

– Revenue: ₹4,516 crore

– Change: Decreased by 4.5% from ₹4,730 crore year-on-year

– EBITDA: ₹646.3 crore

– Change: Dropped by 32% from ₹946.4 crore last year

– EBITDA per Tonne: ₹807

– Margin: 14.3%

– Change: Shrunk from 20% in the same quarter last fiscal

– Sales Volume: 9.3 million tonnes

– Change: Slight increase from 9.1 million tonnes last year

Key Developments

– Acquisition: Ambuja Cements has entered into a binding agreement to acquire 100% of Penna Cement Industries Limited (PCIL). The deal, valued at ₹10,422 crore, involves a company with a total capacity of 14 MTPA. Of this, 10 MTPA is operational, while the rest is under construction in Andhra Pradesh, Telangana, and Rajasthan. The transaction is expected to close by the second quarter of FY25, pending execution of the Share Purchase Agreement and fulfillment of related conditions.

Summary Table

Metric	Value
Profit	₹571 crore
Profit Change	-11.5%
Revenue	₹4,516 crore
Revenue Change	-4.5%
EBITDA	₹646.3 crore
EBITDA Change	-32%
EBITDA per Tonne	₹ 807
Margin	14.3%
Margin Change	-5.7 percentage points
Sales Volume	9.3 million tonnes
Sales Volume Change	+0.2 million tonnes

Ambuja Cements’ first quarter results highlight a drop in profit and margin, alongside a significant fall in EBITDA. However, the company’s profit beat market estimates, and the acquisition of PCIL marks a strategic move for future growth.

Ambuja Cements shares surge 2% after company acquires Penna Cement for ₹10,422 crore

Aditya Bhagchandani — Fri, 14 Jun 2024 06:25:05 +0000

Shares of Adani-owned Ambuja Cements jumped after the company announced its acquisition of Hyderabad-based Penna Cement Industries Ltd (PCIL) for ₹10,422 crore. Ambuja Cements will acquire 100% of PCIL’s shares from its current promoter group, P Pratap Reddy and family, with the acquisition funded by internal accruals.

PCIL boasts a capacity of 14 million tonnes per annum (MTPA) spread across Andhra Pradesh, Telangana, and Rajasthan (under construction). This acquisition will increase Ambuja Cements’ total capacity to 89 MTPA, aiding the company in reaching its target of 140 MTPA by 2028.

Ajay Kapur, CEO and Whole Time Director of Ambuja Cements, said, “By acquiring PCIL, Ambuja is poised to expand its market presence in South India and reinforce its position as a pan-India leader in the cement industry. PCIL’s strategic location and sufficient limestone reserves provide an opportunity to increase cement capacity through debottlenecking and additional investment.”

Following the announcement, Ambuja Cements’ shares were trading 1.87% higher at ₹676.90 on the NSE as of 11:53 AM.

Ambuja Cements Q4 Results: Revenue grows 12% YoY, margin declines 180 bps

Markets Desk — Wed, 01 May 2024 08:32:16 +0000

Cement major from the Adani Group, Ambuja Cements today reported a subdued or mixed set of Q4 earnings. Ambuja Cement’s Q4 net profit came in at Rs 523.3 crore against Rs 502.5 crore in the same period last year, a jump of 4.2%. The company’s revenue for the quarter ended March 2024 stood at Rs 4,78033 crore against Rs 4,256 crore, a jump of 12.3% on a YoY basis. The company’s margin however dropped 180 bps on a YoY basis to 16.7% against 18.5% in Q4FY23.

Ambuja Cement‘s Q4 results however missed expectations on all parameters. A CNBC-Tv18 poll had predicted net profit to come in at Rs 618 crore, while revenue was expected to surge to Rs 4,795 crore.

“Our impressive financial performance during the year is a testament to the resilience and adaptability of our business model. It mirrors the Indian economy, which has emerged as a bright spot amidst a challenging global economic scenario. We remain steadfast in delivering long-term value and sustainable growth as we soar towards doubling capacities, investment in efficiency improvement, green power, assured supplies of raw-material and fuel,” said Ajay Kapur, Whole Time Director & CEO, Ambuja Cements. Kapur also said that cost optimisation remains core part of their strategy.

The company’s Board of Directors have recommended a dividend on equity shares at Rs. 2.00 per share, which is consistent with last year on annualised basis.

Ambuja Cements announces acquisition of 1.5 MTPA cement grinding unit in Tuticorin for Rs 413.75 crore

Markets Desk — Mon, 15 Apr 2024 06:58:00 +0000

Ambuja Cements today announced in an exchange filing that the company has signed a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition estimated at a total value of Rs 413.75 crore through internal accruals will aid in enhancing the coastal footprint across southern markets of Tamil Nadu and Kerela.

The total cement capacity of Adani Group stands at 78.9 MTPA. The asset spread across 61 acres of land, conveniently located near the Tuticorin Port with a long-term fly ash agreement will be value accretive from the beginning. Ambuja Cements will leverage the coastal footprint and state-of-the-art marine infrastructure and
equipment, ensuring that the best quality products are delivered.

The limited availability of limestone in Tamil Nadu presents a unique competitive advantage with coastal movement of clinker from the Sanghipuram Plant ensuring cost-efficient operations for the company.

Ajay Kapur, CEO – Cement Business, Adani Group, said, “We are glad to announce this
acquisition, strengthening our foothold in the region and aligning perfectly with our
commitment to delivering high-quality products and services to our customers. In addition
to the infrastructure and geographical advantages, Ambuja Cements will also inherit the existing dealer network and retain current employees, facilitating a smooth transition and
enabling the rapid ramp-up of utilisation.”

Adani family injects Rs 6,661 crore into Ambuja Cements to raise its stake to 66.7%

Aditya Bhagchandani — Thu, 28 Mar 2024 06:46:28 +0000

Ambuja Cements, in an exchange filing on Thursday, revealed that the family of Indian billionaire Gautam Adani has raised its stake in the building materials company by injecting 66.61 billion rupees ($799.05 million) in equity.

This investment follows a previous infusion of Rs 5,000 crore by the Adani family through warrants in October 2022. Since assuming control of Ambuja from Holcim, the promoters have injected a total of Rs 11,661 crore into the company.

According to the company statement, this funding will play a crucial role in expanding the group’s cement capacity to 140 million tonnes per annum by 2028.

It will also support strategic initiatives such as debottlenecking capital expenditure to enhance operational capabilities, ensure scalability, and improve efficiencies across resources and the supply chain, Ambuja Cements stated in a regulatory filing.

Stocks To Watch Today: Ambuja Cements, Tata Steel, Fino Payments Bank, Home First Finance

Markets Desk — Wed, 03 May 2023 01:25:57 +0000

The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets too remained negative as Dow Jones, S&P 500 and Nasdaq ended in the red on Tuesday. Markets in India continued to gain higher on the back of positive earnings growth so far and solid foreign institutional flows.

Top stocks to watch today are Ambuja Cements, Tata Steel, Fino Payments Bank, Home First Finance, besides others.

Ambuja Cements: Shares of Ambuja Cements will be in focus today as the company posted a strong set of earnings and beat analyst and street estimates. The cement maker’s revenue came in at Rs 4,256 crore against a CNBC-TV18 poll of Rs 4,165 crore.

Tata Steel: Tata Steel on Tuesday posted a strong set of Q4 numbers with its revenue coming in at Rs 62,961 crore against a CNBC-TV18 poll of Rs 58,962 crore. The company’s profit after tax grew to Rs 1,556 crore against an estimated profit of Rs 873 crore for the quarter. Besides, Tata Steel’s net debt decreased by Rs 3,900 crore to Rs 67,810 crore.

Fino Payments Bank, Home First Finance and others will be the stocks in focus today on the back of their Q4 earnings.