Shares of Ambuja Cements Ltd. rose 3%, after the company received an additional infusion of Rs 8,339 Crore from the Adani family on April 17, 2024, as per Ambuja Cement’s recent regulatory filing.
This brings the total amount to INR 20,000 Crore under the warrants program. This investment has increased the Adani family’s stake in Ambuja from 63.2% to 70.3%. This is under the flagship of Adani’s cement and building materials portfolio.
The infusion of funds will provide Ambuja with financial flexibility for accelerated growth, capital management initiatives, and a strong balance sheet to achieve various strategic goals.
With this investment, Ambuja aims to double its existing capacity to 140 MTPA by 2028 and deliver long-term sustainable value creation through enhanced capacity addition, operational excellence, business synergies, and cost leadership.
This investment will also enable Ambuja to pursue its ambitious growth plans and capitalize on emerging opportunities in the market.
Ambuja Cements Limited, which is a member of the diversified Adani Group, has 18 integrated cement manufacturing plants and 19 cement grinding units across India, with a total cement capacity of 78.9 MTPA.
The company has several firsts to its credit, including a captive port with six terminals that facilitate timely, cost-effective, and cleaner shipments of bulk cement to its customers.
In addition, Ambuja’s unique sustainable development projects and environment-friendly practices have provided hassle-free home-building solutions.
To add more value to its customers, the company has also introduced innovative products like Ambuja Cement, Ambuja Plus, Ambuja Compocem, and Ambuja Kawach, which are now enlisted in the GRIHA product catalogue.
These products not only fulfil important customer needs but also help in significantly reducing their carbon footprints.
At 10:48 am, the shares of Ambuja Cement Ltd. were trading 1.17% higher at Rs 624.75 on NSE.
The post Ambuja Cements Shares Gained 3% On Receiving Additional Rs 8,339 Crore Investment From Adani Group appeared first on Equitypandit.
Shares of Ambuja Cements Ltd. rose 3%, after the company received an additional infusion of Rs 8,339 Crore from the Adani family on April 17, 2024, as per Ambuja Cement’s recent regulatory filing. This brings the total amount to INR 20,000 Crore under the warrants program. This investment has increased…
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