Ambuja Cements surges on commissioning 2.4 MTPA brownfield expansion of grinding unit in West Bengal
Ambuja Cements is currently trading at Rs. 540.00, up by 5.90 points or 1.10% from its previous closing of Rs. 534.10 on the BSE.
The scrip opened at Rs. 537.00 and has touched a high and low of Rs. 546.00 and Rs. 533.10 respectively. So far 147701 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 706.85 on 02-Jul-2024 and a 52 week low of Rs. 452.90 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs. 579.65 and Rs. 530.15 respectively. The current market cap of the company is Rs. 133267.30 crore.
The promoters holding in the company stood at 67.57%, while Institutions and Non-Institutions held 25.90% and 6.52% respectively.
Ambuja Cements has successfully commissioned 2.4 Million Ton Per Annum (MTPA) brownfield expansion of Grinding Unit (GU) in Farakka, West Bengal. With commissioning of this GU and debottlenecking of 0.5 MTPA across various plants, Ambuja Cement’s capacity has increased to 100 MTPA.
Earlier, the company had successfully commissioned and started power transmission from its 200 MW solar power project in Khavda.
Ambuja Cements is engaged in manufacturing and marketing of cement and clinker for both domestic and export markets. It is a material company of Adani Cement and part of the diversified Adani Group.
