Ahmedabad, May 27 (IANS) The Adani Group is witnessing a sharp surge in market valuation, with the combined market capitalisation of its listed companies nearing the Rs 20 lakh crore milestone.The conglomerate has added around Rs 5 lakh crore in market value on a year-to-date (YTD) basis, driven by strong earnings performance and renewed investor confidence.Among the group companies, Adani Power has emerged as the biggest contributor to wealth creation this year.The company’s market capitalisa…
Latest Ambuja Cements News & Updates
Mumbai, May 22 (IANS) Global brokerage Bernstein has gone bullish on Adani Group over robust execution and a healthy balance sheet, hailing its ability to execute at scale against competition while expressing comfort on debt levels as well as promoter holding and share pledge metrics.The brokerage said in a comprehensive note that it is not concerned about debt levels, with debt repayment schedules and yields both described as comfortable. Promoter holding and share pledge metrics were also labe…
Mumbai, Feb 3 (IANS) Stocks of the Adani Group companies surged on Tuesday in early trade after the announcement of the India-US trade deal, led by Adani Enterprises Ltd (AEL), which traded near the upper circuit of 10 per cent.Adani Green and Adani Energy also gained more than 7 per cent as the stock market rallied. The gains trickled down to Adani Ports, Adani Power, Ambuja Cements and Adani Total, all of which rose by than 4 per cent.The investor sentiment in Adani Group companies was aided b…
Ahmedabad, Jan 30 (IANS) Adani Group’s Ambuja Cements on Friday posted strong results for the October-December quarter (Q3 FY26), with net profit surging 258 per cent year-on-year at Rs 3,781 crore with highest-ever quarterly volume at 18.9 million tonnes, up 17 per cent (on-year).While revenue was up 20 per cent, EBITDA rose 53 per cent at Rs 1,353 crore in the quarter.With net worth at Rs 69,854 crore (up by Rs 361 crore), the cement major remains debt free and continues to maintain highest …
Ahmedabad, Dec 22 (IANS) Ambuja Cements, part of the Adani Group, on Monday said it has received approval for two separate schemes of amalgamation from its Board of Directors — to merge ACC Limited and Orient Cement Limited — thus establishing a single consolidated ‘One Cement Platform’. This consolidation is a major step for Adani Group’s cement business, creating an integrated and stronger entity with greater scale, efficiencies, and financial strength.“This consolidation represent…