Holcim closes sale of India business
Holcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a sh...
Ambuja Cement
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Adani plans management shake-up following takeover
Gautam Adani, his son Karan and his nephew Pranav, are expected to join the management boards of ACC Ltd and Ambuja Cements . As part of an overhaul of the top management of bot...
Ambuja Cement reports 18% revenue growth
Ambuja Cement has reported revenue of INR39.58bn (US$495.2m) in the April-June 2022 quarter, compared to INR33.42bn in the same quarter a year earlier. EBITDA over the same peri...
India: beyond the headwinds Premium
India has become the second-worst affected country by the COVID-19 health crisis. Consequently, construction activity has taken a hit and cement demand saw a dramatic collapse i...
Ambuja Cement and ACC fund NGOs to tackle COVID-19
Ambuja Cements Ltd and ACC Ltd (LafargeHolcim group) have collectively contributed INR3.3m (US$0.43m) to three non-government organisations (NGOs) to support daily-wagers, migra...
Ambuja Cement of India profit grows in FY19
Ambuja Cement Ltd of India has reported an increase in total income of 3.1 per cent and profit after tax (PAT) advance of 2.8 per cent during FY19, despite an increase of 0.6 pe...
Ambuja Cement sees revenue up 6% in the 4Q19
India’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13.7...
India’s demand growth shifts gear Premium
The April-June 2019 quarter saw India’s cement growth slow, putting the brakes on a long spell of double-digit advances. Higher cement prices and lower input costs have helped s...
Ambuja Cement sees 1% rise in net sales for 3Q19
India’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sal...
Ambuja Cement records 1.2% increase in standalone net sales
India’s Ambuja Cement (LafargeHolcim) has announced a 1.2 per cent YoY increase in standalone net sales to INR57.59bn (US$834m) for the 1H19. EBITDA rose 2.9 per cent to INR11.6...