Page 2 - Ambuja Cements

Acche din for Adani stocks over, or will the run continue? Key tech levels

Adani Enterprises, Adani Power and Adani Wilmar can potentially rally up to 30 per cent from present levels, suggests the key retracement ratios.

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?

Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies

Ambuja Cements Q4FY24 results: Net profit surges 64% to Rs 1,055 crore

Ambuja Cements' revenue from operations increased by 11.64% to Rs 8,893.99 crore in Q4, compared to Rs 7,965.98 crore reported in the year before

Ambuja Cements to buy grinding unit in TN at a total value of Rs 413.75 cr

The acquisition will aid in enhancing the company's coastal footprint across southern markets of Tamil Nadu and Kerala

Ambuja to acquire My Home Group's grinding unit in TN for Rs 413.75 cr

Ambuja Cements on Monday said it will acquire My Home Group's cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore. The company -- a part of the Adani Group -- has signed a definitive agreement to acquire the cement grinding unit of the My Home Group, which has a capacity of 1.5 MTPA, Ambuja Cements said in a statement. "The acquisition estimated at a total value of Rs 413.75 crore through internal accruals will aid in enhancing the coastal footprint across southern markets of Tamil Nadu and Kerala," it added. The total cement capacity of Adani Group stands at 78.9 MTPA, the company said. "In addition to the infrastructure and geographical advantages, Ambuja Cements will also inherit the existing dealer network and retain current employees, facilitating a smooth transition and enabling the rapid ramp-up of utilisation," Ajay Kapur, CEO, Cement Business, Adani Group, said. The grinding unit is spread across 61 acres near the Tuticorin Port with a ..

Result preview: Analysts note 'unusual' quarter for cement sector

Expect healthy year-on-year growth in margins in Q4, but sequential decline

Adani family invests Rs 6,661 crore in Ambuja Cements via warrants

The latest fund infusion will take Adani family stake in the cement co to 66.7 per cent

Adani family infuses Rs 6,661 cr in Ambuja Cements, raises stake to 66.7%

The board of Ambuja Cements has approved the conversion of 21.20 crore warrants into shares of promoter entity Harmonia Trade and Investment at the rate of Rs 314.15 per share

Fri-yay! RIL, ICICI Bank, Tata Motors, Grasim, Adani Ports hit new highs

Zomato, Ambuja Cements, Cipla, Tata Motors DVR, United Spirits were among notable stocks from the S&P BSE 200 index that, too, hit their respective record highs

Ambuja Cements hits new high; here's why stock has rallied 46% in 3 months

Shares of Ambuja Cements hit an all-time high of Rs 608.50, up 3% on Friday, thus surpassing its previous high of Rs 598 registered on December 9, 2022.

Ambuja Cements to invest Rs 1,000 cr to set up grinding plant in Jharkhand

Ambuja Cements, now a part of Adani Group, on Wednesday said it has planned to invest Rs 1,000 crore to set up a cement grinding unit in Godda district of Jharkhand. The new 4 Million Tonne Per Annum (MTPA) cement grinding unit would be set up after requisite approvals, Ambuja Cements Ltd (ACL) said in a statement. This project is "planned in the close proximity to Adani Power (Jharkhand) Ltd, as part of a comprehensive approach to disposing of fly ash in an environmentally safe manner and contributing to the circular economy," it said. The unit will generate direct and indirect employment for over 2,500 people, it added. Ambuja Cements operates two cement plants in Jharkhand with a combined capacity of 6 MTPA. "We believe that Jharkhand holds immense potential in terms of resources, infrastructure, and skilled manpower, making it an ideal location for this project. We look forward to working closely with the state to ensure the successful implementation of this project," Ajay Kap

Adani Group's Ambuja Cements profit misses estimates on lower volumes

Ambuja's consolidated volumes increased 2.9% to 14.1 million metric tons in the October-December period, lower than the 5.5% growth estimated by Jefferies

Adani Group shares hold gains in weak market as SC grants Sebi more time

The Supreme Court on Wednesday also directed the government and Sebi to look into whether there has been any violation of law by Hindenburg Research on short-selling.

Ambuja Cements to invest Rs 6,000 crore in renewable power projects

Earlier this month, ACL announced to complete acquisition of Sanghi Industries Limited (SIL) at an enterprise value of Rs 5,185 crore

Ambuja Cements completes acquisition of Sanghi Industries at Rs 5,185 crore

As part of the deal's completion, Ambuja Cements also executed a trade (in on and off-market trade) to acquire 54.51 per cent of the voting share capital from the promoters of Sanghi Industries

Adani group stks zoom up to 19%; Adani Green, Ambuja regain Rs 1 trn m-cap

In the past two trading days Adani Group stocks have surged close to 31 per cent in anticipation that India shall witness a stable government post the 2024 general elections.

Ambuja Cement Q2 result: Standalone net profit jumps 363% YoY to Rs 643 cr

The revenue from operations for Q2FY24 came in at Rs 3,969.79 crore, compared to Rs 3,675.61 crore year-on-year

India's M&A deal value falls to lowest in the last five years, shows data

Deal value falls 69% in first nine months of 2023

Ambuja Cements incorporates three new subsidiaries to boost business

The three subsidiaries are-Lotis IFSC Private Limited, Ambuja Concrete North Private Limited and Ambuja Concrete West Private Limited

Some headwinds emerge for India's cement sector amidst high valuations

The capex of the past year or two will probably result in over-supply