Diabytes
Ambuja Cement News
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Ambuja will acquire 46.8 per cent shares of OCL from its current promoters and certain public shareholders and the acquisition will be fully funded through internal accruals, the company said in a statement.
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The first cement factory has been set up in Gorakhpur, UP and the production of cement has also started in it. The chairman of Gallant group said that new technology has been used in this unit.
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Its profit after tax includes write-back of tax provisions related to earlier years amounting to Rs 873 crore, the company said.
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Shares of Ambuja Cements and ACC Ltd surged up to 10 percent on Monday after both the companies decided to explore merger between them.
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Ambuja Cement on tuesday said it has supplied 3.17 lakh tonnes of cement for India's longest Chenani-Nashri tunnel in Jammu & Kashmir, inaugurated by Prime Minister Narendra Modi on April 2.
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Know what all happened when the great Khali’s strengths turned out to be his weakness.
The company's operating EBITDA declined 13.4 per cent during the quarter at Rs 510 crore as against 589 crore in the year-ago period.
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