ACC shares up 3% as cement grinding unit gets stabilised
It said, “Following the completion and commencement of commercial production of the new clinkering line at Jamul in Chattisgarh in July 2016, operations of the new cement grinding unit in Jamul which went into commercial production from September 14, 2016, have also been successfully stabilized.”
At 3.08 pm, following the report shares of ACC surged by Rs 45 or 2.77% on BSE, trading at Rs 1671.05. Photo: Pixabay
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Cement price hike alert! Set to get costlier - Which stocks should you buy? Cement manufacturer ACC (India) on Monday said that the company's cement grinding units in Jamul has stabilised.
It said, “Following the completion and commencement of commercial production of the new clinkering line at Jamul in Chattisgarh in July 2016, operations of the new cement grinding unit in Jamul which went into commercial production from September 14, 2016, have also been successfully stabilized.”
This cement grinding unit is expected to go on stream in November 2016.
At 3.08 pm, following the report shares of ACC surged by Rs 45 or 2.77% on BSE, trading at Rs 1671.05.
ACC said,"The cement dispatched from this new grinding unit has been well-accepted in the market."
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