GQG Partners Acquires Additional 1.8% Stake in Ambuja Cement for Rs.27.50 Bn

26 Aug 2024 CW Team

GQG Partners has expanded its investment in Ambuja Cement by purchasing an additional 1.8% stake in the company, amounting to ?27.50 billion. This acquisition underscores GQG's confidence in Ambuja Cement's growth prospects and financial stability.

The deal, executed through a private placement, reflects Ambuja Cement's strong market position and the robust demand for its shares. GQG's strategic investment is expected to enhance its portfolio's performance and align with its long-term investment goals.

Ambuja Cement, a key player in the Indian cement industry, continues to attract significant interest from institutional investors due to its solid track record and growth potential. This latest acquisition by GQG Partners highlights the ongoing investor enthusiasm for high-quality assets in India's construction sector.

As GQG Partners further solidifies its stake, Ambuja Cement is set to benefit from increased capital and enhanced market confidence, positioning itself for future growth and expansion.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..