Page 2 - Acc Cement

CCI clears acquisition of Holcim's stake in ACC, Ambuja by Adani Group

The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd.

Competition Commission approves Adani Group's acquisition of ACC, Ambuja

Permission given to Endeavour Trade and Investment, a SPV controlled by the Adani family

Ambuja Cements Q1 net profit falls 14% to Rs 752 crore, sales up 15%

Consolidated net sales rose 15.1 per cent to Rs 7,943 crore in the April-June period versus the same period last year

Cement maker ACC's profit tumbles 60% in April-June, revenue rises 15%

Bloomberg consensus estimates had pegged net profit at Rs 296 crore and revenue at Rs 4,390 crore for the period under review

ACC June quarter net profit down 60% to Rs 227 cr; revenue rises 15%

Cement maker ACC Ltd on Thursday reported 60.07 per cent decline in consolidated net profit at Rs 227.35 crore for the second quarter ended June 30, 2022. The company, which follows January-December financial year, posted a profit of Rs 569.45 crore in April-June a year ago, ACC said in a BSE filing. Total revenue from operations during the quarter under review was Rs 4,468.42 crore as against Rs 3,884.94 crore in the year-ago period. Total expenses were at Rs 4,221.74 crore as compared with Rs 3,175.47 crore earlier. Shares of ACC on Thursday settled at Rs 2,154.50 apiece on the BSE, down 0.83 per cent from the previous close.

Adani-Holcim deal: Open offers for Ambuja Cements and ACC from July 6

The acquisition will make the Adani family the second biggest cement maker in India after Ultratech

Adani group firms' gross debt rises to Rs 2.2 trillion, shows data

This makes the Adani group one of the most indebted among India's top business groups

Adani-Holcim deal: LIC may exit Ambuja Cements, ACC via open offer

Insurer owns shares aggregating Rs 7,000 crore

How has Adani group charted its success over three decades?

The last two years have been eventful for Gautam Adani, when his wealth grew from $8.9 bn to $105 bn. Last week, he clinched a deal to acquire Ambuja and ACC cements. Let's track his growth story

Is Ambuja Cement & ACC merger on the cards after Adani's Holcim deal?

Shares of ACC and Ambuja Cements soared up to 4% in yesterday's trade after the Holcim Adani deal. Analysts believe the Adani Group may merge both these entities over the medium term. Find out more

After $10.5-bn deal, Adani makes open offer for Ambuja and ACC stake

On a combined basis, this would be among the largest open offers in the history of India's capital markets

Adani offers to buy 26% of Ambuja Cements, ACC from open market

Billionaire Gautam Adani is buying Switzerland-based Holcim AG's cement businesses in India for $10.5 billion

Adani group wins race to buy Ambuja Cements, ACC for $10.5 bn from Holcim

Group outbids Ultratech and JSW group to enter the industry and also emerge as the country's second-largest cement manufacturer

Holcim deal: Charts indicate up to 14% upside for ACC, Ambuja, Adani Ent

Adani Enterprises can rally up to 14 per cent; whereas ACC, and Ambuja Cements can gain another 10 per cent each, indicate charts

Slowdown, earnings pressure are temporary: Dalmia Cement (Bharat) MD & CEO

'Large cement plants in India on an average use 30-40 per cent less energy per tonne of cement than the world average'

Why are top Indian companies vying for Holcim's India assets Ambuja and ACC

The race is on to acquire Ambuja Cements and ACC. Why do India's leading firms want to buy Holcim's stake? And why did the Swiss company decide to quit India which contributes 27% of its global sales?

JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements

JSW Group Chairman offers $7 billion for cement firm

JSW Group to make $7 bn bid for Holcim's India cement business: Report

The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability

ACC, Ambuja Cement, Grasim: Trading strategies for cement stocks

Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.

ACC Q1 net profit dips 29.5% to Rs 396 cr, revenue rises 3% to Rs 4,426 cr

The company, which follows the January-December financial year cycle, had posted a profit of Rs 562.59 crore in the same period a year ago, said ACC