Learn about one of the top players in the Indian cement industry, Ambuja Cements Ltd., and its current operations in North India. The article provides key details such as its incorporation date, registered office location, main industry, and auditors, along with relevant data sources and a disclaimer for investors. With a prominent chairman and company secretary at the helm, find out why this company should be on your radar.
Ambuja Cements: A Leading Player in the Indian Cement Industry
Ambuja Cements Limited, headquartered in Mumbai, is one of India's leading cement manufacturers. Incorporated in 1983, the company has a significant presence in the North, West, and East Indian markets.
Operations and Financial Performance
Ambuja Cements operates 17 integrated cement plants and 8 grinding units with a combined annual production capacity of over 31 million tons. The company's major markets include Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Haryana, Uttar Pradesh, and West Bengal.
In the financial year 2022-23, Ambuja Cements reported a revenue of over ₹36,000 crores (USD 4.5 billion) and a net profit of ₹5,300 crores (USD 660 million).
Leadership and Governance
Ambuja Cements is currently chaired by Gautam Adani, an Indian billionaire industrialist. The company's board of directors includes several renowned industry veterans and independent members. The company's registered office is located at Mumbai, Maharashtra.
Auditors and Data Sources
Ambuja Cements' statutory auditors are S. R. Batliboi & Co. LLP and Deloitte Haskins & Sells LLP. The company's financial statements and other disclosures are available on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) websites.
Top 5 FAQs
Q1: What are Ambuja Cements' key strengths? A: Ambuja Cements has a strong brand presence, a large distribution network, and a focus on sustainability.
Q2: How has Ambuja Cements performed in recent years? A: The company has consistently reported strong financial performance, fueled by rising demand and cost optimizations.
Q3: What is Ambuja Cements' expansion strategy? A: The company is committed to expanding its production capacity through brownfield and greenfield projects.
Q4: What is the outlook for Ambuja Cements? A: The Indian cement industry is expected to witness continued growth in the coming years, driven by infrastructure development and housing demand. Ambuja Cements is well-positioned to capitalize on this growth.
Q5: What is the latest news about Ambuja Cements' acquisition by Adani Group? A: In May 2022, Adani Group agreed to acquire a controlling stake in Ambuja Cements from Swiss building materials company Holcim for $10.5 billion. The acquisition is expected to further strengthen Adani Group's presence in the cement industry.
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