Ambuja Cement Ltd, headquartered in Mumbai, is one of India’s leading cement manufacturers and a subsidiary of Holcim, the world’s second largest producer of cement with annual revenues of CHF 19.7 billion (US$20.3 billion). In 2013, Ambuja accounted for 7 percent of Holcim’s group revenues. It has an 11 percent share of India’s fast-growing US$13billion cement market. An ambition to secure long-term corporate value prompted the company to

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