Concrete

GQG Partners Acquires Additional 1.8% Stake in Ambuja Cement for Rs.27.50 Bn

GQG Partners has increased its stake in Ambuja Cement by 1.8%, investing ?27.50 billion in the latest acquisition.

Published

10 months ago

August 26, 2024

admin

GQG Partners has expanded its investment in Ambuja Cement by purchasing an additional 1.8% stake in the company, amounting to ?27.50 billion. This acquisition underscores GQG’s confidence in Ambuja Cement’s growth prospects and financial stability.

The deal, executed through a private placement, reflects Ambuja Cement’s strong market position and the robust demand for its shares. GQG’s strategic investment is expected to enhance its portfolio’s performance and align with its long-term investment goals.

Ambuja Cement, a key player in the Indian cement industry, continues to attract significant interest from institutional investors due to its solid track record and growth potential. This latest acquisition by GQG Partners highlights the ongoing investor enthusiasm for high-quality assets in India’s construction sector.

As GQG Partners further solidifies its stake, Ambuja Cement is set to benefit from increased capital and enhanced market confidence, positioning itself for future growth and expansion.

Related Topics:Acquisition Ambuja Cement GQG Partner

Up Next

Cement industry to invest Rs 1.25 trillion in capex by FY27: CRISIL

Don't Miss

Adani Entity Sells 2.76% Stake in Ambuja Cement for Rs.42.51 Bn

Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

4 days ago

June 17, 2025

admin

Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

4 days ago

June 17, 2025

admin

Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

4 days ago

June 17, 2025

admin

UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.