Ambuja Cements (BOM:500425)

QUOTE AND NEWS
The Economic Times  May 20  Comment 
Ambuja Cements Ltd is a ‘BUY’ call with a target of Rs 204 and a stop loss of Rs 186.
The Times of India  May 17  Comment 
Ambuja Cements Ltd, India's second-largest cement manufacturer, said it had obtained a stay on an Rs 11.63 billion penalty imposed by the country's competition watchdog in June, but has been ordered to deposit 10% of the amount.     
The Hindu Business Line  May 17  Comment 
The Competition Appellate Tribunal (COMPAT) today granted a stay on the penalty of Rs 1,163 crore levied on Ambuja Cements Ltd by the Competition Commission of India. However, Ambuja Cem...
The Economic Times  May 17  Comment 
Ambuja Cements gained 2.7 per cent, while ACC Ltd was up 2.2 per cent and UltraTech Cement Ltd rose 1.3 per cent.
The Hindu Business Line  May 11  Comment 
Please advise on the short- and long-term outlook for Central Bank of India and Ambuja Cements. T. Jayakumar Central Bank of India (Rs 72.3): This stock is poised close to...
The Economic Times  May 9  Comment 
Ashwani Gujral has a buy call on Ambuja Cements and HCL Tech, while Kunal Saraogi prefers selling Mcleod Russell and ACC.
The Economic Times  May 8  Comment 
According to analysts, the market may consolidate in the near-term before continuing with FII inflows-led uptrend.
The Economic Times  May 6  Comment 
CLSA has downgraded Ambuja Cements to 'outperform' from 'buy' and says that the stock will underperform till the company shows some demand revival.
The Economic Times  May 3  Comment 
The March quarter has been the most disappointing for Ambuja Cements since the company recorded its lowest Ebidta margin during the past five quarters.
The Economic Times  May 3  Comment 
Net sales of company decreased by 3.3% to Rs 2,545 crore from Rs 2,631 crore a year ago. Sales volume also fell by 4.1% to 5.85 million tonnes.




 
TOP CONTRIBUTORS

Ambuja Cements Limited is the largest cement company in India (by market capitalization).


Business Overview

Ambuja Cements Limited was earlier known as Gujarat Ambuja Cements Limited (GACL). The company was set up in 1986. In this short span Ambuja Cements has achieved massive growth and presently, the total cement capacity of the company is 18.5 million tonnes. The company has three subsidiaries, viz, Ambuja Cement Rajasthan Limited (ACRL), Ambuja Cement Eastern Limited (ACEL) and Ambuja Cement India Limited (ACIL). Ambuja also has a strategic investment in ACC through its subsidiary (ACIL).

Ambuja cement is the first company to introduce the concept of bulk cement movement by sea in India. This resulted in speedier transportation and brought many coastal markets within easy reach. Ambuja Cements has a port terminal at Muldwarka, Gujarat. It is an all weather port that handles ships with 40,000 DWT. The port has a fleet of seven ships with a capacity of 20500 DWT to ferry bulk cement to the packaging units. The company has bulk cement terminals at Surat, Panvel, and Galle. The Surat terminal has a storage capacity of 15,000 tonnes and Panvel terminal has a storage capacity of 17,500 tonnes. Both the terminals have bulk cement unloading facility. The port at Galle, 120 km from Colombo, Sri Lanka, handles million tonnes of cement annually.

The company is expanding its clinker capacity by 4.5 million tonnes, cement capacity by 6 million tonnes and power generation capacity by 178 MW at different locations with total investment of Rs.3350 crore. On completion of all these projects, the cement capacity of the company shall go up from 16 million tonnes to 22 million tonnes.




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