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Ambuja Cements to set up 3 new plants

At present, Ambuja Cements has the capacity to produce cement of 27.25 million tonnes per annum (mtpa).At present, Ambuja Cements has the capacity to produce cement of 27.25 million tonnes per annum (mtpa).Ambuja Cements will invest Rs 802 crore this year from internal funds in order to partially finance its ongoing capacity expansion projects."The year 2014 will see capital expenditure worth Rs 802...
Source : Indiainfoline |
Category : Business

ACC, Ambuja shares fall as July-Sept earnings miss estimates

MUMBAI (Reuters) - Shares in Ambuja Cements Ltd and ACC Ltd fall after the cement makers reported lower-than-expected July-September earnings....
Source : Reuters India |
Category : Others

ACC, Ambuja shares fall as July-September earnings miss estimates

Shares in Ambuja Cements Ltd and ACC Ltd fell after the cement makers reported lower-than-expected July-September earnings.ACC and Ambuja are controlled by Switzerland's Holcim Ltd, the world's no.2 cement maker, which in July said it plans to restructure its Indian operations to cut costs.Shares in Ambuja Cements fell as much as 2.3 per cent after it posted a 45 per cent fall in net profit to Rs 166...
Source : Ndtv |
Category : Others | City : Mumbai

169 bags of low quality cement seized in Jammu

Police seized 169 bags of low quality cement from a shop in this winter capital of the state. Acting on a tip-off, police party last evening raided a cement shop of one Subhash Chander, resident of Talab Tillo and seized 169 bags of Ambuja and ACC Cement. The cement dealer was selling low quality cement as Ambuja and ACC Cement to make profits during the process, police said , adding that...
Source : Webindia123 |
Category : National

Expect Lafarge, ACC to merge into Ambuja: Ican Investment

Holcim is the parent company of Indian cement majors, ACC and Ambuja Cements. Lafarge was acquired by Holcim to create the world's biggest cement maker, with USD 44 billion of annual sales.Holcim is the parent company of Indian cement majors, ACC and Ambuja Cements. Lafarge was acquired by Holcim to create the world's biggest cement maker, with USD 44 billion of annual sales.Speaking to CNBC-TV18’s...
Source : Moneycontrol |
Category : Business

Holcim deal sails amid DII opposition

Ambuja Cements gets 68.52% of public shareholder votes to buy 24% stake in Holcim India for Rs 3,500 crore.Non-opposition by retail investors in the recently concluded voting process may have led to Holcim getting minority shareholders’ nod for restructuring of its two Indian subsidiaries Ambuja Cements and ACC.Ambuja Cements on Thursday announced that it has received public shareholders’ approval...
Source : DNA |
Category : Others | City : Mumbai

Stocks in news: Cairn India, Ambuja Cement, Cipla

Some of the stocks that are likely to be in news in today's trade include Cairn India, Ambuja Cement, Cipla, to name a few.Quotes...
Source : Yahoo Finance |
Category : Personal Finance

SEBI notices interdependency in Ambuja-Holcim deal

According to SEBI, the deal between Ambuja Cements and Swiss cement major Holcim is an “interdependent” and “not independent” transactionAccording to SEBI, the deal between Ambuja Cements and Swiss cement major Holcim is an “interdependent” and “not independent” transactionMarket regulator SEBI (Securities and Exchange Board of India) has sent its observation to the two national stock exchanges on...
Source : Indiainfoline |
Category : Business

Cement Stocks Rebound As Bullish Bets Rise

Shares of cement companies UltraTech, ACC and Ambuja Cements gained over 4 per cent today as long positions were seen building up in these stocks ahead of expiry of May derivative contracts.UltraTech Cement traded 5.65 per cent higher at Rs 2,393 while ACC rose 4 per cent to Rs 1,391.45 and Ambuja Cements advanced 4 per cent to Rs 217.45. In comparison, the broader markets were mostly flat.Aditya Agarwal,...
Source : Ndtv |
Category : Others

Holcim’s cement subsidiaries’ weak results are credit negative: Moody’s

Accel will get access to new sectors in key markets like US, Japan in the areas of lifesciences, healthcare and government institutions with this partnerships.ACC Ltd (unrated) and Ambuja Cement (unrated), two cement companies based in India, each reported weak results for the third quarter ended 30 September.Ltd (unrated) and Ambuja Cement (unrated), two cement companies based in India, each reported...
Source : Indiainfoline |
Category : Business
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