Ambuja Cements has moved higher by over 3% at Rs 165 after the company announced the resumption of mining operations at Himachal Pradesh plants after the High Court of Himachal Pradesh has granted a stay on order issued by the Ministry of Environment and Forest (MOEF).
Pursuant to a notice received from the MOEF on February 12, 2014, the mining operation at the Company’s Himachal Pradesh plants has been kept in abeyance.
The High Court of Himachal Pradesh has granted a stay on the aforesaid order issued by the MOEF and Forest and accordingly the mining operations at Himachal Pradesh Plants would now be resumed, Ambuja Cements said in a BSE filing.
The company has five million tonnes per annum (MTPA) limestone mining capacity in Himachal Pradesh.
The stock opened at Rs 161 and touched a high of Rs 166 on the NSE. A combined 1.29 million shares changed hands on the counter till 1020 hours on the NSE and BSE.
Pursuant to a notice received from the MOEF on February 12, 2014, the mining operation at the Company’s Himachal Pradesh plants has been kept in abeyance.
The High Court of Himachal Pradesh has granted a stay on the aforesaid order issued by the MOEF and Forest and accordingly the mining operations at Himachal Pradesh Plants would now be resumed, Ambuja Cements said in a BSE filing.
The company has five million tonnes per annum (MTPA) limestone mining capacity in Himachal Pradesh.
The stock opened at Rs 161 and touched a high of Rs 166 on the NSE. A combined 1.29 million shares changed hands on the counter till 1020 hours on the NSE and BSE.
