Economy & Market

Adani Group in discussion to buy a huge share in Ambuja Cements Ltd

Published

3 years ago

April 28, 2022

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Ambuja Cements Limited has a market value of $748.94 billion

Adani Group may sign an agreement to purchase a majority share in Ambuja Cements Ltd from Swiss firm Holcim. Now, Ambuja is owned by the world’s largest cement company, which has a 63.1% share.Ambuja Cements had a market value of $748.94 billion.According to media sources, JSW Group, an Indian metals-to-cement giant, is among the other bids for the assets.Holcim is attempting to diversify its business by focusing on building technologies rather than its main industry of cement and aggregates, as it places a greater emphasis on sustainability.As per media sources, no final decisions have not been made yet regarding this decision.Ambuja Cement was founded in 1983, with a cement capacity of 31 million metric tonnes, six integrated production plants and eight cement grinding units throughout India.Adani Enterprises Ltd., the main company of the Adani Group, has two cement companies.According to media sources, Adani Cementation Ltd. plans to establish an integrated factory in Gujarat.Adani Cement Ltd. was founded by the group in June 2021.

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Concrete

Shree Cement reports 2025 financial year results

Published

4 days ago

June 17, 2025

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Shree Cement posted revenue of US$2.38 billion for FY2025, marking a 5.5 per cent decline year-on-year. Operating costs rose 2.9 per cent to US$2.17 billion, resulting in an EBITDA of US$528 million—down 12 per cent from the previous year. Net profit fell 50 per cent to US$141 million. The company reported cement sales of 9.84Mt in Q4 FY2025, a 3.3 per cent increase from 9.53Mt in Q4 FY2024, with premium products making up 16 per cent of total sales.

Image source:https://newsmantra.in/

Concrete

Rekha Onteddu to become director at Sagar Cements

Published

4 days ago

June 17, 2025

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Sagar Cements has announced the appointment of Rekha Onteddu as a non-executive independent director, effective 30 June 2025. According to People in Business News, Rekha Onteddu is currently serving in a similar capacity at Andhra Cements, the parent company of Sagar Cements.

Image source:https://sagarcements.in/

Concrete

India’s cement consumption set to rise

Published

4 days ago

June 17, 2025

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According to a Moody’s report, India’s cement consumption is projected to rise by 50 per cent over the next five years, increasing from 445 million metric tons per annum (MMTPA) in FY24 to 670 MMTPA by 2030. This growth is expected to be driven by government infrastructure spending and rising housing demand, with an anticipated annual growth rate of 6-7 per cent. To meet this demand, major cement companies are likely to continue acquiring smaller, less profitable firms.

Image source:https://www.telegraphindia.com/