Page 6 - Ambuja Cement

Cement shares in focus; UltraTech hits 52-week high, Ambuja surges 4%

Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.

ACC, Ambuja Cement launch Cement & Concrete Research Development facility

Adani Group-owned ACC and Ambuja Cement have launched a Cement and Concrete Research & Development facility at Kalamboli, Navi Mumbai. The newly established R&D facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement. A focus on new product development, productivity enhancement, reduction in energy consumption and environmental impact have been major drivers for the establishment of the R&D facility, it added. "Our new R&D facility is our reinforcement towards our collective commitment to pushing boundaries, driving innovation, and addressing industry challenges," said Ajay Kapur, CEO, Cement Business. ***** UltraTech Cement partnering with Finland-based Coolbrook * Leading cement producer UltraTech is partnering with Finland-based Coolbrook to start a joint development project. It will install Coolbrook's RotoDynamic Heater (RDH) technology at an ...

Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes

The projects are expected to be commissioned in two years and will funded using internal accruals, it added

Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine

Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase

Adani Ent, ACC: Charts indicate positive trend in select Adani Group stocks

Adani Enterprise , in particular, could see a rally of up to 11 per cent in coming sessions

Stocks to Watch Today: Adani Group, UltraTech, Auto, Sugar, ONGC, Blue Star

Stocks to Watch: On the earnings front, Ambuja Cements, Adani Total Gas, PSB, Tata Steel and Uco Bank are likely to be on investors radar on Tuesday.

Adani Group prepays entire financing for Ambuja Cements acquisition

The promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing

Top headlines: Reliance ups ante with Campa, Adani to sell stake in Ambuja

Business Standard brings you the latest headlines at this hour

Adani shares gain up to 5% after Group repays Rs 7,374 cr share-backed loan

So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.

Buoyed by $1.9 bn investment by GQG Partners, Adani rally enters 2nd week

Industry players said the GQG investment will provide a floor to Adani stocks and also ease concerns around promoter-share pledges

Cement shares in focus; UltraTech, Dalmia Bharat hit 52-week highs

Most managements continue to be positive on the cement demand, led by the government's thrust on infrastructure projects, pick-up in urban real estate, and likely recovery in the rural segment.

Stocks to watch: HDFC, Ambuja Cements, HAL, RailTel Corp, RPP Infra

Stocks to watch today: HDFC concluded sale of 10-year non-convertible debentures (NCDs) of Rs 25,000 crore; Ambuja Cements was selected as 'preferred bidder' for Uskalvagu limestone block in Odisha

Adani rout creates a dent in Quant MF portfolios as key holdings shed 24%

At the end of January, Quant MF had close to Rs 950 crore investment in Adani Ports and Ambuja Cement

NSE removes Adani Ports, Ambuja Cements from surveillance framework

Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday

Grasim, UltraTech: Cement stocks eye up to 10% upside on GST review

The overall sentiment towards the cement stocks has remained lacklustre amid a gradual decline in their share prices, and a reduction in GST could help to lift this sentiment.

To win back investors' trust, Adani Group to probe Hindenburg allegations

The decision to undertake an independent assessment comes at a time when investor faith in the group has been shaken

7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

Adani Group says allegations made in Hindenburg report 'stale and baseless'

Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud

There's upside potential in Cement sector as prices rise across regions

Analysts expect H2 to be better and infra spending to be hiked in the Budget; benign energy prices and demand improvement are other triggers

Adani group to refinance ACC, Ambuja Cement debt of $3.5 billion

Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC