Adani group seeks to sell stake in Ambuja Cements for $450 million
NEW DELHI: Gautam Adani is seeking to sell a stake in Ambuja Cements for about $450 million, the Financial Times reported on Friday, citing people familiar with the matter. Adani on Thursday made a formal request to international lenders to sell 4 per cent to 5 per cent in Ambuja Cements, his cement business, the […]
Ambuja Cements’ profit up 51% at Rs 804 crore in Q3 2020
NEW DELHI: Ambuja Cements on Thursday reported 50.51 per cent rise in consolidated net profit at Rs 803.50 crore for September quarter 2020, helped by volume growth and improvement in operational efficiencies. The company, which follows January-December financial year, had clocked a net profit of Rs 533.85 crore in the year-ago period, Ambuja Cements said […]
Ambuja Cements’ net profit up 12.7% in Q3 2018
NEW DELHI: Ambuja Cement on Tuesday reported a 12.73 per cent increase in consolidated net profit to Rs 396.01 crore for the quarter ended September 2018, helped by growth in sales volume. Part of the Swiss cement giant LafargeHolcim, the company had clocked a net profit of Rs 351.29 crore in July-September 2017, Ambuja said […]