Published by
Joseph Green,
Editor
World Cement,
Reuters are reporting that shares in cement companies ACC Ltd and Ambuja Cements have risen as much as 2.04% and 1.86% respectively.
Both companies are scheduled to report June quarter results on 26 July.
Ambuja Cements is expected to report a net profit of 3.32 billion rupees, compared with 2.26 billion rupees last year.
ACC is also expected to top last year's profit of 1.33 billion rupees, with net profit estimated at 2.56 billion rupees.
Edited from source by Joseph Green. Source: Reuters
Voluntary conditional cash offer is to acquire all of the outstanding shares in the issued share capital of China Shanshui.
In its 2014 assessment by DNV GL, Ambuja Cements achieved a factor of 4.03 times water positive.
Ambuja Cements has acquired a 60% equity stake in Dirk India at a cost of Rs 16.51 crore.
ACC’s newest cement plant in Thondebhavi, Karnataka, was inaugurated on 12 December. The new grinding plant becomes the nearest cement plant for Bengaluru city, thus ensuring fresh and prompt supply of cement to this fast expanding metropolis.