Ambuja Cements zooms on partnering with Coolbrook to leverage zero-carbon heating tech
Ambuja Cements is currently trading at Rs. 569.30, up by 30.35 points or 5.63% from its previous closing of Rs. 538.95 on the BSE.
The scrip opened at Rs. 541.30 and has touched a high and low of Rs. 571.75 and Rs. 539.60 respectively. So far 255277 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. 571.75 and Rs. 490.00 respectively. The current market cap of the company is Rs. 140250.25 crore.
The promoters holding in the company stood at 67.57%, while Institutions and Non-Institutions held 25.79% and 6.64% respectively.
Ambuja Cements has entered into a strategic partnership with Finland-based technology and engineering company ‘Coolbrook’. Ambuja will implement Coolbrook’s proprietary RotoDynamic Heater (RDH) technology to significantly reduce its fossil fuel dependence and carbon emissions.
The RDH technology utilises mechanical energy to generate high temperature using green power at highly competitive rates. The process can replace / minimise fossil fuels used for reaching high temperatures in cement kiln pre-calciner, crucial for cement manufacturing and multiple other applications. Being a carbon-free process, it can significantly reduce emissions from the use of conventional fuels in a cement plant.
Ambuja Cements continues to remain steadfast in its innovation-based pursuit of operational excellence, driving sustainability in all areas of its operations.
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.
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