Adani Enterprises can rally up to 14 per cent; whereas ACC, and Ambuja Cements can gain another 10 per cent each, indicate charts
The Adani Group is hammering out the final details of a $10 billion deal for 63.1% of Ambuja Cements Ltd. along with related assets
'Large cement plants in India on an average use 30-40 per cent less energy per tonne of cement than the world average'
Here are the top Business Standard headlines on Friday
Here are the top Business Standard headlines on Thursday
The race is on to acquire Ambuja Cements and ACC. Why do India's leading firms want to buy Holcim's stake? And why did the Swiss company decide to quit India which contributes 27% of its global sales?
UltraTech outlines divestiture details that would meet the norms set by Competition Commission of India
Here are the top headlines on Tuesday
The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability
Swiss cement major's India units facing cement cartelisation probe
Business Standard brings you the top headlines at this hour
Business Standard brings you the top headlines at this hour
Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
Going ahead, charts indicate likely revival in investor sentiment with further uptick in prices.
Despite these ongoing cost related challenges, demand outlook is expected to stay healthy from long-term perspective
Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE
On BSE, the scrip closed 5.87 per cent lower at Rs 338.3; Intra-day, it was trading at Rs 337.2
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 ...