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Ambuja Cement Gains Over 1% On Beginning Production At its Marwar cement plant located in Rajasthan

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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.




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