At 11:20 am, Ambuja Cement shares were trading higher by 1.2 percent at Rs 407 on the BSEAmbuja Cement shares acquired more than 1 percent in a strong market after the company began production at its Marwar cement plant situated in Rajasthan.
Ambuja Cements Limited, part of Switzerland-based Holcim Group, started the industrial production of its clinker and cement at its Marwar Greenfield Plant (Marwar Cement Functions) in Nagaur district of Rajasthan, Ambuja Cement said in a regulative filing to the stock exchanges.At around Rs 2,350 crore, the investment (in Marwar) will boost Ambuja Cement's clinker capacity by 3 MTPA and improve its cement sales by 5 MTPA, the business added.
Ambuja has enthusiastic development strategies to expand its capabilities in India, and the Marwar plant is a step in that direction.
We are extremely happy that it is a 'green plant' created to meet our aspiration for a sustainable future, stated Neeraj Akhoury, managing director, Ambuja Cements.Ambuja Cements has a total set up capability of 29.65 throughout the country.
Marwar Cement Functions is the 3rd plant of Holcim Group in the Rajasthan, after Rabariwas and Lakheri.At 11:20 am, Ambuja Cement shares were trading greater by 1.2 per cent at Rs 407 on the BSE.
The BSE Sensex and NSE Nifty were trading greater by 1 per cent each on the BSE at the time.
Business
Ambuja Cement Gains Over 1% On Beginning Production At its Marwar cement plant located in Rajasthan
Download Android App Share in FullScreen CheckVideos
Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021 |
Buy Our Merchandise (Peace Series)
- Details
- Category: Business
20