ambuja

New Delhi: Adani group-owned Ambuja Cements on Thursday said its board of directors approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises.After approval of Adani Cementation Plan of Merger, following regulatory and shareholder approval, it would become a...

New Delhi: Ravi Sanghi, promoter of Adani group company Ambuja Cements and Sanghi Industries, will sell 3.52 per cent stake in the Saurashtra-based cement maker.The offer-for-sale (OFS) will open for non-retail investors on Wednesday and for retail investors on Thursday, Sanghi Industries said...

In New Delhi, Adani group company 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. the company.This is in addition to the one...

New Delhi: Adani Group, the country's second-largest cement maker, on Friday said it is focusing on brownfield expansion while acquisition opportunities like Penna Cement will help it reach 140 MTPA target capacity.The company, owned by billionaire Gautam Adani, on Thursday announced the...

New Delhi: Shares of Ambuja Cements rose nearly 2 per cent to hit a 52-week high on Friday after the company announced the acquisition of Penna Cement Industries Ltd at an enterprise value of Rs 10,422 crore.The stock jumped 3.86 per cent to hit a 52-week high of Rs 690 during the day on the...

New Delhi [India], Soon after Ambuja Cements announced the acquisition of Penna Cement, brokerage firm MK Global Financial Services maintained its 'buy' recommendation on the Adani Group-owned cement maker.“Given the strong growth/capex plans, pan-India presence and strong balance sheet, we...

Jefferies has 'buy' rating on Ambuja Cements shares, giving it a target price of Rs 735 per share.Shares of Ambuja Cements rose by more than 2 percent to Rs 679 in morning trade on Friday.According to Jefferies, the historic acquisition of Penna Cement will boost Adani Group's position as a...

New Delhi: Shares of Ambuja Cements rose nearly 4 per cent to hit 52-week high on Friday after the company announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore.The stock jumped 3.86 per cent to hit a 52-week high of Rs 690 on the BSE.On...

Ahmedabad (Gujarat) [India], The acquisition of Penna Cement will expand Ambuja Cements' presence in India, particularly in South India, while also opening up markets in neighboring Sri Lanka, the Adani Group cement company said on the rationale behind the acquisition. Said in a presentation...

New Delhi [India], Ambuja Cement, the cement and construction materials company of Adani Cement and part of the diversified Adani Group, on Thursday announced that it has signed a binding agreement to acquire Penna Cement Industries Limited (PCIL) in a venture . Value of Rs 10,422 crore.As per...

Ambuja Cements will acquire 100 per cent stake from Hyderabad-based PCIL promoter group P. Pratap Reddy & Family.The acquisition, financed from internal accruals, will improve Adani Cement's market share by 2 per cent across India and 8 per cent in South India.Ajay Kapoor, CEO and Whole-time...

New Delhi: Billionaire Gautam Adani-led Adani Group on Thursday said it will acquire Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, increasing the annual capacity of the country's second-largest cement maker by 14 million tonnes.The deal will increase Adani's market...

New Delhi: Adani Group company Ambuja Cements on Thursday announced the acquisition of Penna Cement Industries Limited (PCIL) for an enterprise value of Rs 10,422 crore.A binding agreement has been signed for the acquisition, which will increase Adani Group's capacity by 14 MTPA, taking the...

ACC, Adani Enterprises, Adani Port, Adani Power, Ambuja Cement, Adani Total Gas, Adani Wilmar and NDTV closed with gains, while shares of only Adani Green closed flat on Friday.On Friday, Adani Enterprises shares rose 1.1 per cent, Adani Ports and SEZ saw a rise of 1.9 per cent, Adani Total...

NEW DELHI: Shares of nine of the 10 listed Adani Group companies ended with gains on Wednesday, a day after taking a heavy hit amid value-buying at lower levels and a recovery in the equity market.At the end of trade, shares of Adani Green Energy rose 11.01 per cent, Adani Ports 8.59 per cent...

New Delhi: Adani Group company Ambuja Cements Ltd on Wednesday reported a consolidated net profit of Rs 1,525.78 crore for the fourth quarter ending March 2024.The company had posted a net profit of Rs 763.30 crore in the January-March quarter a year ago, the company said in a regulatory...

The percentage is higher. Net profit doubled to Rs 1,526 crore in the fourth quarter. The Adani Group company attributed the strong performance to improvements in key performance indicators (KPIs) – such as volumes, efficiency, costs and per capita expenditure. The cement maker's revenue from...

For Q4FY24, cement and construction materials leader, diversified Adani Group reported operating EBITDA of Rs 1,699 crore, up 3 per cent (y-o-y), driven by healthy cash (and Cash equivalent) is Rs 24,33. Ten million."Our impressive financial performance during the year is a testament to the...

New Delhi: Adani Group company Ambuja Cements Ltd on Wednesday reported a consolidated net profit of Rs 1,525.78 crore for the fourth quarter ending March 2024.The company had reported a net profit of Rs 763.30 crore in the January-March quarter a year ago, according to regulatory filings...

New Delhi: Shares of Ambuja Cements on Thursday lost all early gains and closed marginally lower amid profit-booking in line with weak trends in equities.During morning trade, shares of the company climbed nearly 4 per cent after billionaire Gautam Adani's family invested an additional Rs...