Tag: Ambuja cement

Lower sales realisation hit margins of cement makers in Q2

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Lower sales realisation hit margins of cement makers in Q2

Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers — UltraTech Cement, Ambuja Cement, and Dalmia Bharat — other smaller players, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, reported a decline in…

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Adani’s Ambuja Cement to invest ₹1,600 crore in Bihar to set up grinding unit

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Adani’s Ambuja Cement to invest ₹1,600 crore in Bihar to set up grinding unit

This investment from Ambuja Cementis “the largest investment in the State by a cement industry player”. File | Photo Credit: Reuters Adani Group-owned Ambuja Cement Ltd (ACL) on August 3 announced an investment of around ₹1,600 crore in Bihar to set up a cement grinding unit at Warisaliganj in Nawada district. The 6 MTPA Warisaliganj…

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Adani Cement refinances $3.5 billion debt from 10 international banks

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Adani Cement refinances .5 billion debt from 10 international banks

Representational image only. | Photo Credit: Reuters Adani Cement, through Endeavour Trade and Investment Limited, has announced the completion of its refinancing programme for acquisition of debt taken for Ambuja and ACC, through a $3.5 billion financing package, raised from a clutch of international banks.  “This facility will result in an overall cost saving of $300 million…

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