Gujarat Ambuja Cements Ltd

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The Gujarat Ambuja Cements Limited, promoted by N. S. Sekhsaria, Suresh Neotia and Vinod Neotia, was incorporated in 1981. The promoters have a stake of 29.96 per cent in the company. The subsidiaries of the Gujarat Ambuja Cements Limited are: Ambuja Cement Eastern Limited Ambuja Cement India Limited Concrete Investments Limited DLF Orissa Limited GGL Hotel and Resort Company Limited GACL Finance Limited Indo-Nippon Special Cements Limited Veer Narayan Trading & Investment Company Limited Cement Ambuja International Limited Midigama Cements (Private) Limited Celyon Ambuja Cement (Private) Limited The company has a fleet of 5 mini bulk carriers out of which 2 vessels are taken on bareboat charter-cum-demise. The turnover of Gujarat Ambuja Cements Limited for FY1999-2000 was around Rs. 13.02 billion.

Gujarat Ambuja Cements was set up in 1986. In the last decade the company has grown tenfold. With the commencement of commercial production at its 2mn tonne plant in Chandrapur, Maharashtra, Ambuja will become India’s 3rd largest cement company. With a capacity of 12.5mn tonnes and revenue in excess of 2,500 crores. Its plants are some of the most efficient in the world. With environment protection measures that are on par with the finest in the developed world. The company’s most distinctive attribute, however, is its approach to the business. Ambuja follows a unique homegrown philosophy of giving people the authority to set their own targets, and the freedom to achieve their goals. This simple vision has created an environment where there are no limits to excellence, no limits to efficiency. And has proved to be a powerful engine of growth for the company. As a result, Ambuja is the most profitable cement company in India, and the lowest cost producer of cement in the world.