Ambuja to invest internal funds for expansion
Ambuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects.
Ambuja Cements
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Ambuja gets nod for merger with Holcim India
The High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announced...
India: local tax on coal mines to hit cement firms
India's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a ne...
Ambuja to resume mining operations in Himachal Pradesh, India
Ambuja Cements is set to resume mining operations in Himachal Pradesh after the High Court granted a stay on the Ministry of Environment and Forest’s (MoEF) suspension order whi...
India: Ambuja wins approval for Holcim restructuring
Ambuja Cements Ltd announced on Thursday that it had received shareholders' approval to buy a 24 per cent stake in Holcim (India) Pvt. Ltd from Holderind International for INR35...
Holcim gets FIPB approval for India restructure
Holcim has received approval from the Foreign Investment Promotion Board (FIPB) of India to merge Holcim India Private Ltd (HIPL) with Ambuja Cements as part of plans to streaml...
ACC and Ambuja see slow return to growth
ACC and Ambuja Cements, both part of Holcim, have reported a decline in quarterly sales due to subdued demand and lower cement prices, and expect a slow return to growth as near...
Holcim streamlines Indian operations
Holcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restruct...
Holcim to restructure Indian operations?
Holcim is reportedly planning to restructure its Indian operations which could see the merger of its two local subsidiaries, ACC and Ambuja Cements. Citing various sources famil...
Ambuja Cements' Rajasthan works expected by 2015
Ambuja Cements Ltd plans to establish a 4.5Mta cement plant in the northwest Indian state of Rajasthan by 2015. "Board approval is expected by end CY13; work at the plant site h...