| Ambuja Cements Limited | |
| Former Name: | Gujarat Ambuja Cements Limited (1983–2007) |
| Type: | Public |
| Traded As: | |
| Parent: | Adani Group |
| Location: | Mumbai, Maharashtra, India |
| Key People: | Gautam Adani (Chairman) Suresh Kumar Neotia (Founder) Narotam Sekhsaria (Co-Founder and Chairman Emeritus)[1] Ajay Kapur (Whole-time Director & CEO)[2] |
| Industry: | Building materials |
| Products: | Cement |
| Revenue: | (2024)[3] |
| Operating Income: | (2024) |
| Net Income: | (2024) |
| Assets: | (2024) |
| Equity: | (2024) |
| Owner: | Adani Group (63.2%) |
| Num Employees: | 4,330 (2024) |
Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is a major Indian cement producing company.[4] The Group markets cement and clinker for both domestic and export markets.
The company had 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 percent promoters' stake in the GACL for ₹2,140 crore.[5]
From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements.[6] On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale.[7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion.[8]