Adani Group commits to investment in Bihar
The Adani Group has announced plans to invest an additional INR87,000m (US$1046m) in the Indian state of Bihar. The money will be spent across a number of sectors, including its...
Adani Group
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Adani reduces use of wholesalers
In a bid to boost profitability, Ambuja Cements Ltd and ACC Ltd has reduced the number of distributors it uses in the Gujarat region of India from 12 to three. The move is part ...
Adani Group updates expansion plans following SIL acquisition
The Adani Group has provided an update on its plans following the announcement of its acquisition of a majority stake in Sanghi Industries Ltd (SIL). According to The Telegraph,...
Ambuja Cement reports revenue of US$4746m
Ambuja Cement , part of the Adani Group , has reported revenue from operations of INR389,370m (US$4746m) in FY22-23. EBITDA came in at INR58,600m, with an EBITDA margin of 15 pe...
ACC reports revenue of US$2706m
Indian cement producer ACC Ltd has reported revenue from operations of INR222,100m (US$2706m) in FY22-23. EBITDA came in at INR22,560m, while profit after tax stood at INR8700m....
Adani Group rebuilds investor confidence
The Adani Group, which owns Ambuja Cements and ACC Ltd , is reportedly targeting 20 per cent YoY growth in pretax profits to INR900,000m (US$10,971m) within the next 2-3 years. ...
Adani Group in talks with more lenders over acquisition loan
The Adani Group is reportedly in talks with at least five new international banks regarding its refinancing of US$3.8bn of loans taken for its acquisition of ACC Limited and Amb...
Adani Group in talks to refinance loan
India's Adani Group is in talks with lenders to refinance up to US$3.8bn of a loan facility taken for its acquisition of Ambuja Cements Ltd last year, according to Bloomberg New...
Ambuja Cement and ACC win influencer award
Ambuja Cements and ACC , part of Adani Cement and the Adani Group, have scooped the Digital Customer Experience Award 2023 for ‘Best Customer & Influence Engagement Initiatives’...
Gautam Adani sells off stake in Ambuja Cements
Gautam Adani is reportedly looking to sell a 4-5 per cent share in Ambuja Cements for around US$450m, according to the Financial Times. The move is designed to help lower debt l...