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On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in Ambuja Cements and ACC for sale. [7] On May 15, 2022, Adani Group acquired Holcim's stake in Ambuja Cements and ACC for US$10.5 billion. [8]
ACC Limited (Formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 ...
Mr Sekhsaria is the chairman of Ambuja Cement Foundation, which he set up as part of Ambuja in the early 1990s and has since grown to become one of India's most extensive corporate CSR programs. [9] It does work in the areas of rural development through agriculture, health, education,skill-building and women's empowerment initiatives.
Suresh Kumar Neotia (8 September 1936 – 7 May 2015) was an Indian industrialist, entrepreneur, art collector, philanthropist and the co-founder of Ambuja Cements and associated companies. [ 1 ] [ 2 ] He was the chairman of the Group till 2009 when he relinquished the position in favor of his co-founder, Narotam Sekhsaria , and remained as the ...
In May 2022, Adani family acquired Ambuja Cements and its subsidiary ACC from Swiss building materials giant Holcim Group for $10.5 billion, through an overseas special-purpose entity. [ 37 ] In August 2022, AMG Media Networks Limited (AMNL), a unit of Adani Group, declared that it planned to buy RRPR Holding, owner of 29.18% of national news ...
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Cement: The group is the largest cement producer in India. [51] It operates under the brand name UltraTech Cement. [52] Textiles: Aditya Birla Textiles consists of Textiles (linen and wool), acrylic fiber, and overseas spinning sectors, with manufacturing units across five countries. Its acrylic fibre business has a capacity of about 125,000 ...
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