Ambuja Cement Gains Over 1% On Starting Production At Rajasthan Plant
NDTV
Ambuja Cement: The investment (in Marwar) will enhance the clinker capacity by 3 MTPA and improve its cement sales by 5 MTPA, the company added
Ambuja Cement shares gained more than 1 per cent in a strong market after the company started production at its Marwar cement plant situated in Rajasthan. "Ambuja Cements Limited, part of Switzerland-based Holcim Group, began the commercial production of its clinker and cement at its Marwar Greenfield Plant (Marwar Cement Works) in Nagaur district of Rajasthan," Ambuja Cement said in a regulatory filing to the stock exchanges.
At around Rs 2,350 crore, the investment (in Marwar) will enhance Ambuja Cement's clinker capacity by 3 MTPA and improve its cement sales by 5 MTPA, the company added.
"Ambuja has ambitious growth plans to expand its capacities in India, and the Marwar plant is a step in that direction. We are very proud that it is a 'green plant' designed to meet our ambition for a sustainable future," said Neeraj Akhoury, managing director, Ambuja Cements.
