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Ambuja Cement News
Cement Market Outlook: A strong quarter in the offing may fuel these cement stocks, Emkay Global reports
Mon, Jun 24, 2019
A robust quarterly performance of the cement market would definitely have its positive impact on the cement counters like ACC, Ambuja Cement, Ultratech Cement, Ramco Cement, Shree Cement etc.
Which cement stock you should buy? Pricing to GST rate cuts - Here's what CLSA says
Wed, May 29, 2019
Rating agency CLSA on Wednesday, stated that, cement stocks are up 10-30%YTD (vs +10% for Nifty) led by cement pricing rebound.
Ambuja Cement posts net profit of Rs 1,378 cr for Dec quarter
Mon, Feb 18, 2019
Ambuja Cement Monday reported nearly threefold increase in consolidated net profit to Rs 1,377.88 crore in the December 2018 quarter, benefiting from write-back of tax provisions relating to earlier years.
No heroes for cement sector in 2018, only zeroes! Here are some
Mon, Dec 31, 2018
Companies have also increased their capacity and addition to excess capacity of the production units have also declined the overall profit margins
This cement stock surged 7% on strong June quarter numbers
Thu, Jul 26, 2018
According to the company, the profit after tax during the quarter under review rose to Rs 499 crore (including dividend from ACC at Rs 141 crore) from Rs 392 crore for the corresponding period of the previous year.
Ambuja Cement's standalone Q4 net profit up 60%
Tue, Feb 21, 2017
"Our rapid adoption of cashless payment methods in December 2016 quarter helped Ambuja to deliver a strong performance in 2016," Ajay Kapur, Chief Executive Officer of Ambuja Cement was quoted as saying in a statement.
Ambuja Cement Q4 result today; Here's what to expect
Mon, Feb 20, 2017
Murtuza Arsiwalla and Abhishek Poddar of Kotak Institutional Equities in their report stated that Pan-India players (which also includes Ambuja Cement) are expected to report weaker prices, higher costs and lower volumes due to demonetisation which will result in sequential decline in their earnings.
CCI's penalty on cement companies to impact their profits
Fri, Jan 20, 2017
India Ratings on Friday said, “CCI's penalty on seven major cement companies will shave off under 2% of the players operating profits ahead.”
ACC, Ambuja, Shree Cement to file case against CCI's order
Fri, Jan 20, 2017
On January 19, 2017, CCI penalised seven cement companies including the above mentioned for bid rigging of a tender floated by the Director, Supplies & Disposal, Haryana in the year 2012.
LafargeHolcim increases stake in ACC, Ambuja Cement; shares slump
Wed, Nov 16, 2016
On August 12, 2016, Ambuja Cement acquired stake in ACC. The deal involved Ambuja Cement issuing 58.4 crore shares worth Rs 11,200 crore to the Swiss parent, which would take its stake up to 61.39% from the current 50%. It also acquired 50.1% stake of Holcim in ACC.
WATCH: Top 5 news stories of this afternoon; From recovery in markets to Govt imposing anti-dumping duty on China
Thu, Nov 03, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this afternoon:
ACC becomes Ambuja's subsidiary; what's on the road ahead?
Sat, Aug 13, 2016
Kotak Securities stated that with the deal between majority owners of both the companies, minority shareholders will get to be a shareholder of ACC which is believed to be a less efficient company by market analysts and shareholders.
Cabinet approves introduction of Transgender Persons Bill
Wed, Jul 20, 2016
The Bill protects and provides rights for transgenders by guaranteeing reservation in education and jobs, financial aid and social inclusion.
Nirma to buy stake in LafargeHolcim’s Indian firm for $1.4 billion
Mon, Jul 11, 2016
The world's largest cement maker – LafargeHolcim will sell its assets in Lafarge India to Nirma Ltd for $1.4 billion, subject to approval by the Competition Commission of India (CCI).