Ambuja Cement board approves capex of Rs. 3500 crores

The Board of Directors of Ambuja Cements Ltd has given its in principle approval for an investment of Rs. 3,500 crores, for a cement grinding expansion plan of potential 7.0 million tons across our existing grinding units at Sankrail and Farakka and at a greenfield location at Barh, in Bihar, supported by a 3.2 million tons brownfield clinker expansion at our existing integrated plant in Bhatapara, Chhattisgarh.

Shares of Ambuja Cements Limited was last trading in BSE at Rs. 359.40 as compared to the previous close of Rs. 360.95. The total number of shares traded during the day was 85317 in over 3038 trades.

The stock hit an intraday high of Rs. 365.00 and intraday low of 357.60. The net turnover during the day was Rs. 30750372.00.

Source : Equity Bulls

Keywords

AmbujaCements INE079A01024 ExpansionProjects GrindingUnit ClinkerExpansion