Ambuja Cements Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Ambuja Cement Limited , India's premier cement company. Ambuja Cement Limited, a member of Adani Group. Currently, Ambuja Cement has many premiers to its credits - being India's first cement manufacturing company to be water positive, has ports with four terminal points to facilitate bulk shipment of cement. Ambuja Cement has launched various environment sustainable cement products.
Ambuja Cement Limited carries out many conservative efforts by increasing water usage efficiency in its plants, reducing plastic wastes, reducing carbon footprint and utilizing renewable resources for power needs. Ambuja Cement Limited plants are ISO 14001 certified.
As of 24th May,2024, Ambuja Cement share price is Rs.635.30
Ambuja Cement Moves In 2024
May
Ambuja Cements has introduced bulk cement vessel unloading at Karanja Port. This will enable quick transport of cement in bulk from the Sanghipuram plant and areas around Mumbai.
Ambuja Cement has taken initiatives in Himachal Pradesh to conserve and manage water.
Ambuja Cement has reported its highest ever annualized profit after tax of Rs. 4738 crores which is 119% more on YoY basis.
In FY2024, Ambuja Cement's operating EBITDA was Rs. 6400 crores which is 73% more and Q4 operating EBITDA was Rs. 1699 crores which is 37% more. The company's cash equivalent stood out at Rs.24338 crores.
The company has announced its dividend of Rs.2 for each equity share.
Ambuja Cement share price as of 24th May,2024 was Rs.635.30
April
Ambuja Cement has projected its growth to double its cement production capacity by 140 MTPA by 2028.
Adani family has invested Rs. 8339 crore more into Ambuja Cement by fully subscribing to the company's warrants program. Thus, the Adani Family stakes in Ambuja Cement increased to 70.3%.
Ambuja Cement has acquired My Home Group's 1.5 MTPA Cement Grinding Unit at Tuticorin, Tamil Nadu for a price of Rs.413.75 crores .
Ambuja Cement products are included in GRIHA product catalogue, which includes sustainable products .
Ambuja Cement share price for the month of April was Rs.635.30
March
Ambuja Cement launched 'Ambuja Marwar Pre and Co processing facility which can convert 120000 tons of waste into alternative fuels as part of sustainable waste management.
Ambuja Cement share price for the month of March was Rs.619.90
February
Ambuja Cement proposes to set up 4 MTPA cement grinding units at Jharkhand as part of infrastructure development with an investment of Rs.1000 crores.
Ambuja Cement share price for the month of February was Rs.612.35
January
As per Ambuja Cements reported FY 2024 Q3 results, its operating EBITDA is Rs.1732 crores which is 70% more on YoY basis. The profit after tax is Rs.1090 crores which is 123 % more on YoY basis.
Ambuja Cement share price for the month of January was Rs.605.90
Evolution Of Ambuja Cement: From Past to Present
|
Year |
Evolution |
|
20th October, 1981 |
Incorporated Gujarat Cements Private Limited. |
|
19th May , 1983 |
Converted into ‘ Gujarat Ambuja Cements Limited’ a public limited company |
|
1986 |
Commenced cement production |
|
1990 |
Received approval to set 1 MTPA capacity cement plant at Himachal Pradesh. |
|
1991 |
Gujarat Ambuja Cements on its plans to expand its operations, issued equity shares at Ambuja Cement share price of Rs.10 face value at Gujarat Ambuja Cement price at Rs.190 at premium. |
|
1993 |
Gujarat Ambuja Cement commenced ship transportation of bulk cement, for which it constructed terminals at Kodinar, Navi Mumbai and Surat. |
|
1994 |
Gujarat Ambuja Cement started a new unit called ‘ Gajambuja Cement’ with capacity 9.4 lakh tonnes. |
|
1995 |
New cement mill at Himachal plant. |
|
1996 |
Introduced new fleets ‘ Ambuja Keerti’ and ‘ Ambuja Shakti’ |
|
1997 |
Kodinar Plant started commercial cement production |
|
1998 |
Constructed a new cement grinding unit at Sri Lanka for USD 20 million. |
|
1999 |
New cement plant with 6 MTPA capacity at Andhra Pradesh. New terminal of capacity 0.5 MTPA for Rs. 16 crores at Tuticorin |
|
2000 |
Constructed new slag cement unit near Jindal Vijayanagar Steel Limited at Karnataka |
|
2001 |
Through a buy back option , the company bought back Rs. 50 crores worth shares with Gujarat Ambuja Cement share price of Rs.170 each. |
|
2002 |
Gujarat Ambuja Cements Maratha Cement works plants started commercial cement production. |
|
2005 |
Company has split Gujarat Ambuja Cement share price of Rs.10 to Gujarat Ambuja Cement share price of Rs.2 in face value. |
|
2007 |
Company name changes to Ambuja Cements Limited |
|
2009 |
Started Ambuja Knowledge Center at Jaipur, Ahmedabad and Kolkata |
|
2010 |
Started cement grinding unit of capacity 1.5 MTPA at Uttar Pradesh and Himachal Pradesh |
|
2011 |
25 years of operation of Silver Jubilee. Ambuja Cement acquired equity shares of Dang Cement Industries Private Limited and Dirk India Private Limited. |
|
2014 |
Started Ambuja Plus |
|
2017 |
Started Ambuja Plus Cool Walls across India |
|
2021 |
Commercial cement production at Marwar Cement Plant. |
|
2023 |
Ambuja Cement started R&D facility |
Ambuja Cement Company Information
|
Company Information |
|
|
Name |
Ambuja Cements Limited |
|
Founded year |
1983 |
|
Founder |
Narotam Sekhsaria and Suresh Kumar Neotia |
|
Headquarters |
Mumbai, Maharashtra, India |
|
Industry |
Building materials |
|
Chairman |
Gautam Adani |
|
Subsidiaries |
ACC Limited Sanghi Industries Limited M.G.T Cements Private Limited Chemical Limes Mundwa Private Limited OneIndia BSC Private Limited Foxworth Resources and Minerals Limited(erstwhile known as Ambuja Resources Limited) Ambuja Shipping Services Limited Ambuja Concrete North Private Limited Ambuja Concrete West Private Limited LOTIS IFSC Private Limited |
|
Revenue |
Rs. 18,772 crore (2024) |
|
NSE code |
NSE: AMBUJACEM |
|
BSE code |
BSE: 500425 |
Inside Ambuja Cement
Ambuja Cement News
Ambuja Cements has introduced bulk cement vessel unloading at Karanja Port. This will enable quick transport of cement in bulk from the Sanghipuram plant and areas around Mumbai.
Ambuja Cement has reported its highest ever annualized profit after tax of Rs. 4738 crores which is 119% more on YoY basis.
In FY2024, Ambuja Cement's operating EBITDA was Rs. 6400 crores which is 73% more and Q4 operating EBITDA was Rs. 1699 crores which is 37% more. The company's cash equivalent stood out at Rs.24338 crores.
The company has announced its dividend of Rs.2 for each equity share.
Adani family has invested Rs. 8339 crore more into Ambuja Cement by fully subscribing to the company's warrants program. Thus, the Adani Family stakes in Ambuja Cement increased to 70.3%.
Ambuja Cement has acquired My Home Group's 1.5 MTPA Cement Grinding Unit at Tuticorin, Tamil Nadu for a price of Rs.413.75 crores .
Ambuja Cement Share Price Today
|
Company Name |
Sector |
Share Price Link |
|
Ambuja Cements Limited |
Construction Materials |
Milestones of Ambuja Cement
|
Year |
Milestones |
|
1983 |
Incorporated Gujarat Ambuja Cements Limited |
|
1985 |
Started cement production at Ambujanagar, Gujarat. |
|
1993 |
Commenced first ship transportation with three terminals at Kodinar, Navi Mumbai and Surat |
|
1996 |
Achieved to be the largest cement manufacturer in India |
|
2000 |
Second power plant at Maratha Cement works. |
|
2006 |
Holcim Group acquired Ambuja Cements management control. |
|
2010 |
Started Ambuja Knowledge Centre |
|
2011 |
First cement company to receive Lean Six Sigma certification |
|
2013 |
Renamed as Ambuja Cements Limited |
|
2017 |
Achieved 25 MTPA production capacity |
|
2021 |
Started Waste Heat Recovery System at Marwar Mandwa |
Awards & Achievements of Ambuja Cement
2024
Ambuja Cement is ranked as the ‘ India’s Most Trusted Cement Brands by TRA Research.
Ambuja Cement won gold and silver for water conservation and management at SKOCH awards.
Ambuja Cement was recognized as ‘ Iconic Brand of India 2023’ by Economic Times.
Ambuja Cement won the Global Brand Excellence Award for its social media campaign.
Won women empowerment award .
Ambuja Cement was recognized at 24th National Awards for Energy Management by CII.
Conclusion
Ambuja Cements Limited, with its subsidiaries has cement production capacity of 78.9 MTPA and possesses cement manufacturing plants and grinding units across India. The company's environment sustainable cement products are enlisted in GRIHA product catalogue.
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Frequently Asked Questions
What is Ambuja Cement Share price Today?
You can check Ambuja Cement share price today on Enrich Money's stock analysis page.
Where can I find the Ambuja Cement historical share price?
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Where can I find a detailed analysis of Ambuja Cement share rate?
You can find the detailed analysis on Ambuja Cement share value at Enrich Money’s stock analysis page.
Where to find ACC cement shares today?
You can find the ACC cement share today at Enrich Money.
What is Ambuja Cement Share Price target in 2024?
Ambuja Cement stock price target for the year 2024 would be Rs. 644.69. For real-time insights into the future of Ambuja Cement Share Price, visit Enrich Money.
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