INSUBCONTINENT EXCLUSIVE:
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.
