Ambuja Cements

ACC, Ambuja report poor quarterly results; shares fall

ACC, Ambuja report poor quarterly results; shares fall

Cement giants ACC Ltd and Ambuja Cement failed to meet analysts' expectations for their quarterly results, mainly because of persistent sluggish market conditions and lower realizations.

ACC on Wednesday reported a decline of more than 50 per cent in its net profit for the July to September quarter of this year. The company said that it generated a net profit of Rs 119 crore in the September quarter of this year, as against Rs 241.9 crore in the corresponding quarter of last year.

Ambuja Cements Plant Inaugrated by HP Chief Minister

Ambuja Cements Plant Inaugrated by HP Chief Minister

Ambuja Cements Ltd., the biggest cement manufacturer in India, has made an announcement that its new grinding unit with a 1.5 million tonne production capacity in Nalagarh, Himachal Pradesh, has got commissioned in the Solan district of Himachal Pradesh.

The Chief Minister of Himachal Pradesh, Prem Kumar Dhumal recently inaugurated the Rs. 300 crore project at Navagraon, Nalagarh.
The states of Himachal Pradesh, Punjab, Haryana and Jammu & Kashmir, will be benefitted by the new plant.