Ambuja Cements' sales volume was up 15% in April-June quarter at 7.39 MTPA from 6.42 MTPA of the corresponding quarter
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
This will be the first result announcement by the company since it was acquired by the Adani group in May 2022
Other key players have also announced plans to significantly raise capacities
While both would like markets to reward them for scripting India's future in renewable energy, what's ticking for them right now is all the polluting stuff in short supply
The acquisition will make the Adani family the second biggest cement maker in India after Ultratech
Business Standard brings you top headlines on Wednesday
Insurer owns shares aggregating Rs 7,000 crore
Adani-Holcim deal: The merger of Ambuja Cement and ACC will help Adani Group rationalise a lot of fixed cost quotients at both these entities, analysts said
Speeding up capacity expansion would be top focus area, said analysts
Adani Group is increasing its stake in the India story
On a combined basis, this would be among the largest open offers in the history of India's capital markets
NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index
The Adani Group announced the acquisition of Swiss cement major Holcim's stake in all its Indian operating entities for $10.5 billion (around Rs 81,361 crore), including the open offers.
From Gautam Adani winning the race for Ambuja Cement to Sebi forming expert panel on FPIs, here are the top headlines on Monday
India's largest firm in the sector seeks more time from Switzerland's Holcim to make a bid for Ultratech and ACC.
The acquisition is expected to cost around $10 billion (Rs 76,000 crore), including the open offers for the shareholders of both Ambuja Cements and ACC
LIC owns 6.3 per cent stake worth Rs 4,602 crore in Ambuja Cements and 5.66 per cent stake worth Rs 2,445 crore in ACC
Ambuja Cement ended Friday with a market capitalisation of Rs 73,836 crore while ACC closed the day with Rs 43,819 crore.
Here are the top headlines on Tuesday