Join our Waitlist for Expert Advice!

Adani Family Infuses INR 6,661 crore In Ambuja Cements The funds infusion will be instrumental in enhancing conclusively to accomplish the capacity of 140 million tonnes per annum by 2028 by the cement vertical," Ambuja Cements said in filing to exchanges

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company

Ambuja Cements said its promoters Adani family has infused INR 6,661 crore in the company. With this fund infusion, the Adani family's stake in the company has increased by 3.6 per cent to 66.7 per cent. With this fund infusion, the Adani family's stake in the company has increased by 3.6 per cent to 66.7 per cent. "The funds infusion will be instrumental in enhancing conclusively to accomplish the capacity of 140 million tonnes per annum by 2028 by the cement vertical," Ambuja Cements said in filing to exchanges.

The investment will drive innovation and product enhancement through advanced technology integration for better service offerings to tap the growing requirements of the sector. It will also be instrumental in fuelling various strategic initiatives including undertaking debottlenecking capex to enhance operational capabilities to ensure scalability, as well as bringing efficiencies across resources, supply chain.

"Additionally, it will drive innovation and product enhancement through advanced technology integration, aiming to better serve the growing needs of the sector," the cement maker added. Ajay Kapur, Whole Time Director and CEO, Ambuja Cements, said, "This infusion of funds provides Ambuja capital flexibility for fast-tracked growth, capital management initiatives and best-in-class balance sheet strength."

In October 2022, the Adani family infused INR 5,000 crore into Ambuja Cements for exercising the warrants issuance. The promoters, so far, have infused INR 11,661 crore in Ambuja post acquisition, giving the cement and building material firm better service offerings to tap the growing requirements of the sector.

Leadership

4 Bold Leadership Moves Every Successful CEO Uses to Navigate Change

Ready to turn fear into fuel and lead with confidence? In this article, I share how leaving my corporate job without a plan led me to build a thriving business. Learn four bold strategies to embrace uncertainty and turn challenges into opportunities for growth today.

Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Business News

LinkedIn Is Verifying Users for Free — And Kicking Out Fake Recruiters in the Process

LinkedIn is more than halfway to its goal of verifying 100 million users, and unlike X and Meta, they're not charging for it.

Business News

This Is the Goal-Setting Method Shohei Ohtani Learned in High School That Helped Get Him to the World Series

The MLB superstar's success did not come as a surprise to him. He had a plan.