Page 7 - Ambuja Cements
Adani, JSW groups submit non-binding bids to acquire Ambuja Cements
Holcim intends to close the transaction early
 "Adani, JSW groups submit non-binding bids to acquire Ambuja Cements")
Holcim likely to seek exemption under India-Mauritius tax agreement
The India-Mauritius treaty was designed to attract foreign investments in the early 1990s when India's foreign exchange reserves were alarmingly low
 "Holcim likely to seek exemption under India-Mauritius tax agreement")
Ambuja Cements: Holcim's stake sale is a crucial near-term trigger
With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited
 "Ambuja Cements: Holcim's stake sale is a crucial near-term trigger")
Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy
The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements
 "Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy")
Ambuja Cements net profit slumps 30.26% to Rs 856.46 crore in Q1
The consolidated result of Ambuja Cements also includes the financial performance of its step-down firm ACC Ltd
Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr
May monetise Avenue Supermarts stake to raise funds
 "Damani eyes partners for Ambuja Cements buy; may invest up to Rs 10,000 cr")
Adani Enterprises hits new life-time high, stock up 5% on heavy volume
According to a Bloomberg report, Gautam Adani's conglomerate is in advanced talks to acquire Holcim Ltd.'s businesses in India.
 "Adani Enterprises hits new life-time high, stock up 5% on heavy volume")
Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets
Business Standard brings you the top headlines this morning
 "Top headlines: DoT strategising to protect IP, brokerages' 10 stock bets")
Ambuja Cements-ACC deal likely to propel buyer to No. 2 position
The open offer for ACC will cost the acquirer Rs 10,800 crore, or $1.42 billion
Holcim considering potential sale of India's $9.6 bn Ambuja Cements
Holcim has been selling off non-core assets to reduce debt and diversify through acquisitions
 "Holcim considering potential sale of India's $9.6 bn Ambuja Cements")
Analysts say cement stocks now attractive; price hikes to ease margin woes
Analysts believe current input cost headwinds are transitory as likely price hikes by companies will help aid margin pressures.
 "Analysts say cement stocks now attractive; price hikes to ease margin woes")
Input cost worries! ACC, Ambuja, UltraTech slip 3%; down heavily in a month
Apart from higher coal/petcoke prices, the recent increase in crude prices/ocean freight rates may further put pressure on operating costs for the cement industry.
 "Input cost worries! ACC, Ambuja, UltraTech slip 3%; down heavily in a month")
Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%
On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).
 "Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%")
Ambuja Cements slips 4% on weak Q4 operational performance
The management said the December 2021 quarter was unfavorably impacted by very steep escalation in fuel prices coupled with subdued demand in multiple regions.
 "Ambuja Cements slips 4% on weak Q4 operational performance")
Stocks to Watch: RIL, Ambuja Cements, Torrent Power, Easy Trip, Banks
Banking shares may see some action after four banks hiked deposit rates in the last one week, an indication that the interest rate cycle has turned amid uptick in loan demand.
 "Stocks to Watch: RIL, Ambuja Cements, Torrent Power, Easy Trip, Banks")
Ambuja Cements to invest Rs 3,500 cr for raising cement grinding capacity
Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 million tonnes across our existing grinding units at Sankrail and Farakka and at a greenfield (fresh) location at Barh, in Bihar," Neeraj Akhoury, CEO of Holcim India and MD & CEO of Ambuja Cements, said in an earnings statement. This is supported by a 3.2-million tonne brownfield (existing) clinker expansion at the company's existing integrated plant in Bhatapara, Chhattisgarh, he added. Ambuja Cements Ltd is one of the leading cement companies in India and is active in four business segments cement, aggregates, ready-mix concrete, and solutions & products. Currently, Ambuja Cement has an annual cement production capacity of 31 million tonnes with six ...
 "Ambuja Cements to invest Rs 3,500 cr for raising cement grinding capacity")
Sensex falls 105 pts amid mixed global cues; Adani Green gains 6%, HDFC 2%
HDFC (up 1.7 per cent), Reliance Industries (1.2 per cent), and Power Grid (0.56 per cent) were the top large-cap gainers today
 "Sensex falls 105 pts amid mixed global cues; Adani Green gains 6%, HDFC 2%")
Chart Check: Ambuja, India Cements range-bound; UltraTech can gain up to 8%
Ambuja Cements, The Ramco Cements look weak on charts, while UltraTech Cement seems the best bet in the sector.
 "Chart Check: Ambuja, India Cements range-bound; UltraTech can gain up to 8%")
Ambuja Cements third quarter net profit up 10.9% at Rs 891 crore
Over the outlook, Ambuja Cements said, domestic activity in India is on an improving trend with the reduction in COVID-19 cases and supported by the increased pace of vaccinations.
Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum
Q2FY22 is generally a weak quarter for cement makers due to monsoon, but the quarter under preview has also been affected by rising coal and pet coke prices and a transporters' strike
 "Weak demand, high cost to keep cement firms' EBITDA muted in Q2: Centrum")
