Ambuja Cements Limited fabricates and sells cement and cement related items in India. Portland pozzolana cement and conventional Portland cement are offered by the company. Through a system of vendors and retailers, the organization sells its items. The firm exports its items too. The organization was in the past known as Gujarat Ambuja Cements Limited and changed its name to Ambuja Cements Limited in April 2007. The organization was consolidated in 1981 and is headquartered in Mumbai, India. Ambuja Cements Limited is an auxiliary of Holderind Investments Limited.
Ambuja Cements Ltd (ACL) started as a joint venture through a partnership between Gujarat Industrial Investment Corporation and Narottam Sekhsaria & Associates. On May 19 1983, the organization was restored into a public limited organization. Besides that, the organization name was changed to Gujarat Ambuja Cements Ltd. Further, the name Ambuja Cements Ltd. was taken by the company.
About Company Information:
Ambuja Cements Limited has several subsidiaries including the .M.G.T. Cements Pvt. Ltd, Dang Cement Industries Pvt. Ltd, Dirk India Pvt Ltd and Chemical Limes Mundwa Private Ltd. Collaborating with Krupp Polysius, Germany, Bakau Wolf and Fuller ... KCP, the company founded a cement plant in 1985. 12.6 MW diesel-generating sets were introduced by the company during the year 1988-89. The company was approved to set up a new cement plant having 1 million tonne capacity per annum at Himachal Pradesh, in 1991. Commercial production in Kodinar plant was started in the year 1997. 1998 witnessed an international success as the company founded a $20 million clinker grinding unit in Sri Lanka.
The giant monopolies such as Larsen & Tubro (L&T) and Gujarat Ambuja Cements came under an agreement for lowering the transportation costs in dispatching bulk cement in Gujarat. Maratha Cement Works plant was started in 2002 for commercial production. Amalgamation with Ambuja Cement Rajasthan took place in 2004. Possessing a capacity of 80 TPH cement plant at Darlaghat was set up by the company in February 2005. In July 2005 a subsidiary company Indo-Nippon Special Cements Ltd was amalgamated with the company.
A new clinker capacity at Bhatapara in Chattisgarh and Rauri in Himachal Pradesh were set up, with each holding capacity of 2.2 million tonnes per annum at Rs.1600 crore in the same year. Global Cement Major Holcim procured management control of the company in 2006. In December 2009 and January 2010, two new clinker production lines with a holding capacity of 2.2 million tonnes were started at Bhatapara (Chattisgarh) and Rauri(HP) for industrial production respectively.
A cement plant (grinding unit) at Dadri, Uttar Pradesh was incepted in February 2010, with a capacity of 1.5 million tonnes. A cement plant (grinding unit) at Nalagarh, Himachal Pradesh was inaugurated in March 2010, with a capacity of 1.5 million tonnes. In 2011, at the cost of approx. Rs.185 crore at Bhatapara plant, commercial production in a new cement mill was started. In the same year, the organization founded a new cement mill of 0.9 million tonne capacity at Maratha Cement Works plant, costing around Rs.61 crore. Signing a joint venture with County Microfine Products Pvt Ltd, the company entered for speciality cement manufacturing facility in Goa.
Board of Directors of Ambuja Cements approved to acquire a stake of 50.01% in ACC in July 2013. The completion of Rs.338-crore expansion project at the Sankrail grinding unit near Kolkata was declared by Ambuja Cement in May 2016. That increased the capacity of the unit to 2.4 million tonnes per annum from 1.5 million tonnes per annum. A superior composite cement product providing a better sustaining quality was launched on April 2017 by Ambuja Cement, under the brand Ambuja Compocem. On the next month, May 2017, the company decided to form a committee, particularly with the directors of the firm to take necessary and relevant steps regarding the merger of Ambuja.
How Ambuja Cements Ltd, is categorised as Cement Sector, and Cement Industry :
The Cement Industry is a section that includes companies that deal with housing and infrastructure field by supplying the materials required. Ambuja Cements Ltd is categorized under Cement Industry and Cement Sector stocks. The Indian cement industry is the second-largest market after China. As of November 2018, it had a total cement production volume of about 455 million tonnes (MT).
As the housing and real estate sector is creating the most significant demand for Cement, 65% of the total consumption is occurring in India. The other significant consumers of Cement include public infrastructure at 20% and industrial development at 15%. With a high correlation with GDP, Cement is a cyclical commodity.
The demand for Cement is expected to reach 550-600 Million Tonnes Per Annum (MTPA) by 2025. The cement industry is currently producing 280 MT for meetings it is domestic demand and 5 MT for exports requirement.
Cement is a freight intensive industry and transporting it over long distances can prove to be uneconomical, especially it's a bulk commodity. Due to this reason, the Cement industry is divided into five central regions viz. north, south, west, east and the central area. Among these, the Southern part of India has the highest installed capacity, which is accounting for about one-third of the country's total installed cement capacity.
Ambuja Cements Ltd, Competitors and Sector Peers:
Andhra Cements Ltd. ANDCEM
Anjani Portland Cement Ltd. ANJPOR
Barak Valley Cements Ltd. BARVAL
Bheema Cements Ltd. CKOCEM
Birla Corporation Ltd. BIRCOR
Burnpur Cement Ltd. BURCEM
Century Textiles & Industries Ltd. CENTEX
Chettinad Cement Corporation Ltd. CHETCE
Deccan Cements Ltd. DECCEM
Gujarat Sidhee Cement Ltd. GUJSID
Heidelberg Cement India Ltd. MYSCEM
India Cements Ltd. INDIAC
JK Lakshmi Cement Ltd. JKLAKC
Kakatiya Cement Sugar & Industries Ltd. KAKCEM
Kalyanpur Cement Ltd. KALYCE
Keerthi Industries Ltd. KEEIND
Lakshmi Cement & Ceramics Industries Ltd. LAKCEM
Mahendra Cements Ltd. MAHCEM
Mangalam Cement Ltd. MANCEM
Murli Industries Ltd. MURLIN
NCL Industries Ltd. NCLIND
Orient Cement Ltd. ORICEM
Panchmahal Cement Ltd. PANCEM
Panyam Cements & Mineral Industries Ltd. PANYCE
Prism Johnson Ltd. PRICEM
Rain Industries Ltd. RAINCO
Sagar Cements Ltd. SAGCEM
Samruddhi Cement Ltd.[Merged] SAMCEM
Saurashtra Cements Ltd. SAUCEM
Shree Cements Ltd. SHRECE
Shree Digvijay Cement Company Ltd. SHRDIG
Shri Keshav Cements & Infra Ltd. KATUDY
Sri Chakra Cement Ltd. SRICHA
The Ramco Cements Ltd. MADCEM
Trinetra Cement Ltd. INDZIN
Udaipur Cement Works Ltd. JKUDAU
UltraTech Cement Ltd. ULTCEM
UltraTech Nathdwara Cement Ltd. BINCEM
Vinay Cements Ltd. VINCEM
Ambuja Cements shares down 0.34% as Nifty dropsThe Economic TimesNewsBotJun 15 5:06 AM
Share price of Ambuja Cements jumps as Sensex gains 243.55 pointsThe Economic TimesNewsBotJun 14 4:16 AM
Ambuja Cements shares up 0.3% as Nifty dropsThe Economic TimesNewsBotJun 8 5:56 AM
Share price of Ambuja Cements falls as Nifty weakensThe Economic TimesNewsBotJun 4 5:01 AM
Ambuja Cements shares down 0.58% as Nifty fallsThe Economic TimesNewsBotMay 31 7:16 AM
Share price of Ambuja Cements falls as Sensex gains 394.65 pointsThe Economic TimesNewsBotMay 19 3:51 AM
Ambuja Cements shares up 2.27% as Nifty gainsThe Economic TimesNewsBotMay 18 6:06 AM
Ambuja Cements share price up 1.53 per centThe Economic TimesNewsBotMay 11 5:21 AM
Share price of Ambuja Cements rises as Nifty weakensThe Economic Times