Ambuja Cements, ACC to invest Rs 780 crore to reduce carbon dioxide emissions. 10.27 am | 21 Jul 2020 | Business Standard. It means that the Designated Persons of the Company shall not trade in the securities of the Company during the above said period. Both companies will jointly set up Waste Heat Recovery System (WHRS) based power plants at their six cement plants across India. January 01, 2021, on the same terms as the present TKH Agreement. Ambuja Cements December Quarter Profit Surges 89%. Copyright © e-Eighteen.com Ltd. All rights reserved. With India as the second largest cement producer in the world and many players in the market, the new MD & CEO of Ambuja, Akhoury has several challenges to face and several opportunities to tap onto. Cement sector outlook Tailwinds Volatility is moving up since the last four consecutive weeks and needs to cool down for the market to stabilise ahead of the US election. Watch now | India's premier event for web professionals, goes online! Ambuja Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 22, 2020, inter alia, has declared an Interim Dividend of Rs. Explore more on Ambuja Cement. Ambuja Cements Ltd has informed BSE that the Company has fixed November 06, 2020 as the Record Date for the purpose of Payment of Interim Dividend. 6.35 pm | 03 Dec 2020 | Source: PTI. Ambuja recognized as Top Indian Companies in CSR 2019. : Intimation of Loss of Share Certificate I Issue of Duplicate are Read latest news and live updates on Ambuja-cement including breaking news on Ambuja-cement,Ambuja-cement photos,Ambuja-cement videos and many more at cnbctv18.com. She succeeds Sonal Shrivastava, who has moved to a new role in LafargeHolcim Group. Broking House Antique believes this announcement clears the overhang on both the … Will the Brexit deal be positive or negative for India? Ambuja Cements is of the firm view that it has acted and continues to act in compliance with competition laws and are fully cooperating with the investigation and providing all necessary information to the authorities. With reference to the above, please find enclosed herewith report on violations under SEBI (Prohibition of Insider Trading) Regulations, 2015 relating to the Code of Conduct by Designated persons . India VIX moved up 3.05 per cent from 24.02 to 24.75 level. Get more Markets News and Business News on Zee Business. Find Ambuja Cement Latest News, Videos & Pictures on Ambuja Cement and see latest updates, news, information from NDTV.COM. ... LafargeHolcim, which is the parent firm of two leading cement manufacturers ACC and Ambuja Cements, has confirmed the development. Intimation regarding opening of the Trading Window will be given to you separately later. Post. All projects are slated to be completed in the next 16 to 18 months. Ambuja Cement on Thursday reported a 44 per cent decline in net profit at Rs 324.65 crore for the second quarter … Chandigarh Colonisers' MD duped after buying cement from fake Ambuja website ICICI Securities is bullish on Ambuja Cements recommended buy rating on the stock with a target price of Rs 255 in its research report dated August 26... 5.50 pm | 30 Jul 2020 | Source: Moneycontrol.com. Never miss a great news story!Get instant notifications from Economic TimesAllowNot now, Analysts said the move could ease concerns among investors that has resulted in both the stocks underperforming their peers. ACC said it is of the firm view that it has acted and continues to act in compliance with competition laws, and we are fully cooperating with the investigation and providing all necessary information to the authorities. The company announced operationalising its new plant at Rajasthan as part of its growth strategy, which will further improve Ambuja’s market position in North and West regions. Will this momentum stay? The dividend shall be paid on and from November 19, 2020. Cement … Overall, 30 shares were trading in green in Nifty50 index, while 19 were trading in red in the afternoon trade. (higher is better) Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Get the latest Ambuja cement news, videos and headlines. "Six cement plants at both Ambuja Cement and ACC will invest over Rs 780 crore in green power generation, which will lead to a significant reduction of 5.61 lakh tons of carbon footprint annually. Sub:Intimation of Schedule of Analyst/Institutional Investor Meeting/Call under the SEBI (Listing Ambuja Cement Latest breaking news, pictures, photos and Video News. Get latest prices, models & wholesale prices for buying Ambuja Cement. You can switch off notifications anytime using browser settings. Motilal Oswal recommended Neutral rating on Ambuja Cements with a target price of Rs 235 in its research report dated October 22, 2020.... 1.56 pm | 27 Oct 2020 | Source: Moneycontrol.com. Articles on Ambuja Cements Ltd, Complete Coverage on Ambuja Cements Ltd ETBrandEquity.com brings latest ambuja cement news, views and updates from all top sources for the Indian Marketing & Advertising industry. January 01, 2021 on the same terms as the present TKH Agreement. The margin gains for these firms in the last four quarters were in the 5-13 percentage points range. Sebi appoints observer for e-voting on winding up of Franklin Templeton’s six schemes, Why Charlie Munger says market returns will be lower next decade, India to become 5th largest economy in 2025, 3rd largest by 2030. New Delhi: Ambuja Cements and ACC, both owned by Swiss group LafargeHolcim, on Thursday said they will make investments worth over Rs 780 crore at their plants to reduce carbon dioxide emissions.The companies would be investing in green power generation that will help reduce the carbon footprint, according to a joint statement. ACC & Ambuja Cement: The Board of Directors of Ambuja Cements has approved the renewal of the current Technology and Know-How Agreement with Holcim Technology under which the company pays TKH fees at 1% of net sales each year, to HTL, for a period of 2 years w.e.f. The WHRS will be installed at Ambuja Cement plants in Bhatapara (Chhattisgarh), Suli and Rauri (Himachal Pradesh) and Marwar Mundwa (Rajasthan), and at ACC plants in Jamul (Chhattisgarh) and Kymore (Madhya Pradesh). Articles on Ambuja Cements Ltd, Complete Coverage on Ambuja … Ambuja Cement Latest breaking news, pictures, photos and Video News. Shares of cement makers fell as the competition watchdog initiated an investigation against alleged anti-competitive behaviour. This is for your information. What's driving the rally in ACC, Ambuja shares, Buy Ambuja Cements, target price Rs 283: Emkay Global, 6 stocks seeing profit margin growth for 4 straight quarters, CCI probe against cement cos a near-term negative: Motilal Oswal, CCI initiates investigation against cement companies in India, CCI initiates investigation against ACC and Ambuja Cements for anti-competitive behaviour, Cement market may see more consolidation: Neeraj Akhoury, CEO India, LafargeHolcim and managing director, Ambuja Cements, ACC and Ambuja Cement to invest Rs 780 crore to set up waste heat recovery power plants. Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 51090.65 Crore) operating in Cement sector. India has a huge market growth potential for LafargeHolcim and is also one of the important emerging markets in the world. All projects are slated to be completed in the next 16 to 18 months. Find Ambuja Cement news headlines, photos, videos, comments, blog posts and opinion at The Indian Express. ACC said it is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities. Ambuja Cements operated five integrated cement plants and eight grinding units with a total cement capacity of 29.65Mta. HTL held 4.48% stake in ACC while its stake in Ambuja Cements was 63.27% as on 30 September 2020. Ambuja Cement has a ROE of 7.07367419513898 % . Ambuja Cements Limited has a long-standing commitment to fair competition as reflected in its Code of Business Conduct and Ethics. (higher is better) Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. ACC and Ambuja Cement to invest Rs 780 crore to set up waste heat recovery power plants 03 Dec, 2020, 03.46 PM IST. We wish to inform you that the Board of Directors of Ambuja Cements Limited (the Company) at its meeting held today, i.e. Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 49462.42 Crore) operating in Cement sector. The development comes close … Neutral on Ambuja Cements, target price Rs 250: Motilal Oswal, F&O: Nifty50 negates higher lows; bulls & bears continue tug of war, F&O: Nifty50 forms bullish candle, but bears keep the pressure high, Buy Ambuja Cements, target price Rs 300: ICICI Securities, Stock market news: Ambuja Cements shares down nearly 2%, Stock market update: 34 stocks hit 52-week highs on NSE, Neutral on Ambuja Cements, target price Rs 235: Motilal Oswal, Stocks in the news: YES Bank, Nestle India, TechM, Asian Paints and Reliance Power, Ambuja Cement Q3 results: Net profit rises 50% to Rs 803 crore. Cement shares rally as ACC logs strong operational performance in June qtr. You are requested to kindly take the above information on your records. The development comes close on the heels of parent company LafargeHolcim signing the Net Zero Pledge with 2030 science-based targets during the Climat... 9.05 am | 28 Oct 2020 | Source: Moneycontrol.com. This is to inform you about an inadvertent trade done by a Designated Person, Mr Pankaj Mota who is designated as the Chief Commercial Officer (West & South) of the Company.. Mr Pankaj Mota had inadvertently traded in the shares of the Company during the window closure period. Cement stocks hover at 52-week highs. Business | Indo-Asian News Service | Tuesday February 20, 2018. The Competition Commission of India (CCI) has initiated an investigation against cement companies in India including Ambuja Cements Limited regarding alleged anti-competitive behaviour. Ambuja Cement/ ACC: Ambuja Cement and ACC on Wednesday approved the renewal of the current Technology and Know-How Agreement (''TKH Agreement'') with Holcim Technology Limited (HTL) pursuant to which the Company pays TKH fees @ 1 per cent of net sales each year, to HTL, for 2 years w.e.f. ICICI Direct recommended hold rating on Ambuja Cement with a target price of Rs 211 in its research report dated July 27, 2020.... 12.52 pm | 26 Jul 2020 | Source: Moneycontrol.com. This is to inform that pursuant to the Code of Conduct adopted by the Company under SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in the securities of the Company will remain closed from 1st January, 2021 till 48 hours after the declaration of the Audited Annual Financial Results of the Company for the quarter and financial year ending December 31, 2020 to the Stock Exchanges. 1.53 PM Dec 17th. It said that this was likely to continue to affect results into the fourth quarter of 2020. Dolat Capital is bullish on Ambuja Cement has recommended buy rating on the stock with a target price of Rs 246 in its research report dated July 24, ... Facebook Twitter RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI AndroidWindow, Old MCI!~!172@29@0@53!~!|company-article|ambujacements|news|AC18!~!www|moneycontrol|com!~!|stocks|company_info|stock_news.php!~!is_mobile=false. At ACC, Sridhar Balakrishnan, former chief commercial officer (CCO), has been elevated as the CEO and MD while Akhoury continues as a director on ACC's board. Buy buy buy ambuja cement... Nifty infra bullish.. Housing mkt uptrend tgt 270, 290, 300. ACC and Ambuja Cement share prices: With renewal of the TKH with Holcim, the concern about a higher fee and an overhang on the stock price is likely to go away. 17 per share on equity shares of Rs.2/- each, of the Company. The increase in profit has been due to the company’s cost reduction programs, and increased volume growth. Both Ambuja and ACC will look at potential organic and inorganic opportunities based on the strategic fit - in terms of existing footprints, geo-mix and synergies with existing assets. Damaged screens making you switch, facts you must know, Mumbai looks to work from bigger, cheaper homes, Market fate now in FII hands as Sebi margin rule shrinks volume, ETAuto Exclusive: Tesla will be here by next June, Bitcoin tops $16,000-mark! Resignation of Roland Kohler (DIN: 08069722) as an Non-Executive Non- Independent Director of the Company obligations and Disclosure Requirements) Regulations 2015. Follow. and Disclosure Requirements) Regulations,2015. On a year-to-date (YTD) basis, the benchmark S&P BSE Sensex has added 13.43% while ACC and Ambuja Cements have gained 13.39% and 27.66%, respectively. Ambuja Cement Q2 net down 44% at Rs 325 cr. For reprint rights: Times Syndication Service. Sub:Intimation of Schedule of Analyst/Institutional Investor Meeting/Call under the SEBI (Listing obligations and Disclosure Requirements) Regulations 2015. With volatility moving upwards since last four consecutive weeks, the index needs to cool down for the market to stabilise ahead of the US election. You are requested to kindly take the above information on your records. Filing complaint not easy, Xiaomi turns profitable in third year in India. Sub. Get all latest & breaking news on Ambuja Cement. Certificate under Regulation 39(3) of the SEBI (Listing obligations Ambuja cement’s profit growth was flattish, while ACC incurred huge losses, with profit declining 33% on YoY basis. The cement maker reported 50.51 per cent rise in consolidated net profit at Rs 803.50 crore for September quarter 2020. Explore more for Ambuja cement breaking news, opinions, special reports and more on mint. Largecap With a market cap of ₹49,095 cr, stock is ranked 78. ACF along with Ambuja Cements Ltd.(A LafargeHolcim Group Company), has been recognized among the 'Top 10 Indian Companies for CSR in 2019' by The CSR Journal. ACF along with Ambuja Cements Ltd.(A LafargeHolcim Group Company), has been recognized among the 'Top 10 Indian Companies for CSR in 2019' by The CSR Journal. 251.70 14.50 (+6.11 %) ... Ambuja Cement. Kesari holds over 26 years of experience in accounting, finance, taxation, audit and general management in manufacturing, pharmaceutical as well as auditing and consulting companies. Latest Ambuja Cements Ltd News and Updates, Special Reports, Videos & Photos of Ambuja Cements Ltd on The Hindu BusinessLine. December 03, 2020, 17:52 IST. The demand of the cement industry is expected to achieve 550-600 million tonnes per … We take the quality of the messages posted on forum as seriously as our articles. Read more about New appointment of MDs at ACC, Ambuja Cements to streamline business on Business Standard. Overview Forecasts Financials Peers Holdings News Events. PTI. Low Risk Stock is 1.22x as volatile as Nifty. Ambuja Cements Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 48499.38 Crore) operating in Cement sector. 22 Oct,2020, 05:35PM IST. Published under Cement News Tagged Under: India LafargeHolcim Ambuja Cements COVID-19 coronavirus Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. ICICI Prudential Bluechip Fund Direct-Growth, Stock Analysis, IPO, Mutual Funds, Bonds & More. Shares of Ambuja Cements Ltd. traded 1.66 per cent down in trade at 11:32AM on Friday. Ambuja Cement share price touched 52-week high of Rs 256 in the opening trade on October 23 after the company came out with its September quarter earnings. Dolat Capital Market recommended accumulate rating on Ambuja Cement with a target price of Rs 257 in its research report dated October 22, 2020.... 4.22 pm | 28 Aug 2020 | Source: Moneycontrol.com. 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