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Ambuja Cements Ltd

AMBUJACEM

Ambuja Cements Ltd

AMBUJACEM
MaterialsCement
LargecapWith a market cap of ₹1,39,092 cr, stock is ranked 63
Moderate RiskStock is 2.60x as volatile as Nifty
569.000.76% (+4.30)
569.000.76% (+4.30)

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MaterialsCement
LargecapWith a market cap of ₹1,39,092 cr, stock is ranked 63
Moderate RiskStock is 2.60x as volatile as Nifty

How to use scorecard? Learn more

MaterialsCement
LargecapWith a market cap of ₹1,39,092 cr, stock is ranked 63
Moderate RiskStock is 2.60x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
46.772.740.32%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
31.003.521.32%

Forecast & Ratings

Detailed Forecast 
59%
Analysts have suggested that investors can buy this stock

from 37 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ambuja Cements Limited is a cement manufacturing company. The Company manufactures Portland Pozollana cement (PPC).

Investor Presentation

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Oct 28, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 4.52%, vs industry avg of 9.51%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 11.73% to 8.76%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 11.29%, vs industry avg of 15.48%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue20,572.9323,944.0726,424.9127,704.2624,980.2029,338.1331,448.0339,702.7634,560.5134,237.06
Raw Materialssubtract16,951.1719,751.1122,181.9322,506.5619,686.6122,875.5127,259.625,230.774,898.7927,184.59
Power & Fuel Costsubtract11,761.908,109.31
Employee Costsubtract1,856.531,352.79
Selling & Administrative Expensessubtract11,200.699,291.03
Operating & Other expensessubtract4,083.813,108.21
Depreciation/Amortizationsubtract1,460.931,219.451,153.941,152.521,161.781,152.491,292.341,644.671,623.381,898.77
Interest & Other Itemssubtract152.99205.78170.50169.87140.22145.66155.47194.90276.38297.71
Taxes & Other Itemssubtract573.771,251.37741.141,780.311,626.152,384.09802.141,146.092,323.831,881.96
EPS5.577.6410.9710.5511.9114.009.7613.0117.1013.53
DPS———————2.502.002.00
Payout ratio0.000.000.000.000.000.000.000.190.120.15

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Jun 24PDF
FY 2022

Annual Report Unavailable

Investor Presentation

Apr 28PDF
Feb 17PDF
Oct 26PDF
Jul 23PDF
FY 2023

Annual report

PDF

Investor Presentation

May 2PDF
Jul 19PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 2PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 28PDF
Oct 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
MaterialsCement

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ambuja Cements Ltd38.892.740.32%
UltraTech Cement Ltd48.415.630.60%
Grasim Industries Ltd32.411.310.36%
Shree Cement Ltd41.274.770.38%

Price Comparison

Compare AMBUJACEM with any stock or ETF
Compare AMBUJACEM with any stock or ETF
AMBUJACEM
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 1.02%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding67.57%6.35%8.84%10.61%6.64%

Mar 2024

Apr 2024

Jun 2024

Sep 2024

Shareholding History

SepDec '23MarAprJunSep11.64%11.88%11.09%9.89%9.59%10.61%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ambuja Cements Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Mirae Asset Large Cap Fund - Growth - Direct Plan

Growth
0.4734%1.67%0.33%13/89 (+3)
ICICI Prudential Value Discovery Fund - Growth - Direct Plan

Growth
0.3347%0.95%0.95%54/101 (+13)
Kotak Flexicap Fund - Growth - Direct Plan

Growth
0.3256%0.90%-0.09%39/63 (-2)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 14, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jun 14, 2024

Cash Dividend

Ex DateEx DateJul 7, 2023

Final
Final | Div/Share: ₹2.50

Dividend/Share

₹2.50

Ex DateEx Date

Jul 7, 2023

Cash Dividend

Ex DateEx DateMar 30, 2022

Final
Final | Div/Share: ₹6.30

Dividend/Share

₹6.30

Ex DateEx Date

Mar 30, 2022

Cash Dividend

Ex DateEx DateMar 19, 2021

Final
Final | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Mar 19, 2021

Cash Dividend

Ex DateEx DateNov 5, 2020

Interim
Interim | Div/Share: ₹17.00

Dividend/Share

₹17.00

Ex DateEx Date

Nov 5, 2020

News & Opinions
Corporate
Ambuja Cements partners with Coolbrook to implement RDH' technology

Ambuja Cements further advances towards its Net Zero goals by leveraging zero-carbon heating technology to decarbonise its cement manufacturing process. The Company has entered into a strategic partnership with Finland-based technology and engineering company 'Coolbrook'. Ambuja will implement Coolbrook's proprietary RotoDynamic Heater' (RDH') technology to significantly reduce its fossil fuel dependence and carbon emissions. The RDH technology utilises mechanical energy to generate high temperature using green power at highly competitive rates. The process can replace / minimise fossil fuels used for reaching high temperatures in cement kiln pre-calciner, crucial for cement manufacturing and multiple other applications. Being a carbon-free process, it can significantly reduce emissions from the use of conventional fuels in a cement plant.Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Volumes soar at Ambuja Cements Ltd counter

Adani Enterprises Ltd, ACC Ltd, Adani Ports & Special Economic Zone Ltd, Adani Total Gas Ltd are among the other stocks to see a surge in volumes on NSE today, 21 November 2024.Ambuja Cements Ltd clocked volume of 353.22 lakh shares by 14:14 IST on NSE, a 31.88 times surge over two-week average daily volume of 11.08 lakh shares. The stock lost 10.02% to Rs.494.50. Volumes stood at 12.67 lakh shares in the last session.Adani Enterprises Ltd clocked volume of 166.89 lakh shares by 14:14 IST on NSE, a 25.51 times surge over two-week average daily volume of 6.54 lakh shares. The stock lost 19.23% to Rs.2,279.00. Volumes stood at 5.36 lakh shares in the last session.ACC Ltd clocked volume of 30.47 lakh shares by 14:14 IST on NSE, a 24.24 times surge over two-week average daily volume of 1.26 lakh shares. The stock lost 7.05% to Rs.2,031.65. Volumes stood at 98826 shares in the last session.Adani Ports & Special Economic Zone Ltd notched up volume of 403.62 lakh shares by 14:14 IST on NSE, a 23.19 fold spurt over two-week average daily volume of 17.41 lakh shares. The stock slipped 12.43% to Rs.1,129.40. Volumes stood at 26.32 lakh shares in the last session.Adani Total Gas Ltd witnessed volume of 64.28 lakh shares by 14:14 IST on NSE, a 15.01 times surge over two-week average daily volume of 4.28 lakh shares. The stock dropped 9.56% to Rs.607.50. Volumes stood at 3.54 lakh shares in the last session.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Ambuja Cements consolidated net profit declines 42.50% in the September 2024 quarter

Net profit of Ambuja Cements declined 42.50% to Rs 455.96 crore in the quarter ended September 2024 as against Rs 792.96 crore during the previous quarter ended September 2023. Sales rose 1.24% to Rs 7516.11 crore in the quarter ended September 2024 as against Rs 7423.95 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales7516.117423.95 1 OPM %14.7917.54 - PBDT1420.831720.61 -17 PBT868.871339.71 -35 NP455.96792.96 -42 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ambuja Cements Q2 PAT drops 52% YoY to Rs 987 crore

However, revenue from operations rose 1.24% YoY to Rs 7,516.11 crore in the quarter ended 30 September 2024. Profit before exceptional item and tax stood at Rs 868.87 crore in September 2024 quarter, down 35.14% YoY. The firm reported an exceptional loss of Rs 156.20 crore during the quarter. Ambuja Cements' sales volume (cement and clinker) stood at 14.2 million tons during the second quarter of FY25, registering a growth of 8.4% on YoY basis. For Q2 of FY25, operating EBITDA declined 14.67% YoY to Rs 1,111 crore while EBITDA margin reduced to 14.8% as against 17.5% recorded in the similar quarter previous fiscal. EBITDA PMT de-grew 21.61% to Rs 780 in September 2024 quarter as against Rs 995 crore recorded in Q2 previous year. Net worth increased by Rs 450 crore during quarter and stood at Rs 59,916 crore, the company stated that it remained debt free & continued to maintain Crisil AAA (stable) / Crisil A1+ ratings. The cash & cash equivalent stood at Rs 10,135 crore, enables to accelerated growth in future. The cement maker said that the higher volume along with improved operational parameters resulted in growth in all business parameters. Ajay Kapur, whole time director & CEO, Ambuja Cements, said, 'We are glad to deliver another sustained performance aligned to our growth blueprint and setting new benchmarks in efficiency. We continue to focus on innovation, digitalisation, customer satisfaction and ESG as the core elements of our business. With our strong foothold across the nation, we are further expanding our footprint in new geographies in-line with our vision. Post successful completion of the orient cement transaction, we are well poised to achieve 100+ MTPA capacity by this fiscal year end.' On the outlook front, Ambuja Cements said, 'Strong infrastructure demand and ongoing needs from the housing and commercial sectors are anticipated to boost cement demand in H2 FY25. The introduction of PMAY Urban Housing 2.0, with an allocation of Rs 11 lakh crore, along with Government's continued focus on infrastructure development as the key to economic growth augurs well for cement sector. Strategic investments in roads, railways along with urban and commercial amenities, is poised to drive robust growth. We expect demand during FY25 to grow in the range of 4-5%.' Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The scrip jumped 3.87% to currently trade at Rs 574.75 on the BSE.Powered by Capital Market - Live

1 month agoCapital Market - Live
Market Overview
Nifty ends below 24,500 level; PSU Bank shares tumble

The key equity benchmarks ended with major cuts on Tuesday. The Nifty ended below 24,500 level after hitting day's high of 24,882 in morning trade. All the sectoral indices in the NSE were traded in red. As per provisional closing data, the barometer index, the S&P BSE Sensex declined 930.55 points or 1.15% to 80,220.72. The Nifty 50 index declined 309 points or 1.25% to 24,472.10. In the broader market, the S&P BSE Mid-Cap index dropped 2.52% and the S&P BSE Small-Cap index tumbled 3.81%. The market breadth was weak. On the BSE, 560 shares rose and 3,425 shares fell. A total of 74 shares were unchanged. Economy: According to the RBI article, findings on monetary policy transmission in India suggest that monetary policy changes affect short term interest rates more than long-term rates. RBI in this article examines the impact of the monetary policy tightening that was undertaken since May 2022 in India. While anticipated policy changes do not have any instantaneous impact on long-term rates, policy 'surprises' significantly impact all market segments and across tenors. Policy signals tend to wane, however, beyond the three-year tenure, the paper noted. Policy 'surprises' are found to have a relatively lower but significant pass-through to the exchange rate and equity prices. In terms of the impact of the policy rate tightening on the real economy, a significant negative impact on inflation expectations is observed. The long-run elasticity of the policy rate with respect to inflation expectation reveals that an increase in policy rate anchors expectations effectively. As per the article, the macroeconomic impact of monetary policy on aggregate demand and inflation indicate that the 250 basis points increase since May 2022 has negatively contributed to aggregate demand and headline inflation by 160 bps each till Q2:2024-25, working through various channels of policy transmission. New Listing: Shares of Hyundai Motor India closed at Rs 1,846.95 on the BSE, representing a discount of 5.77% over its issue price of Rs 1960. The scrip was listed at Rs 1931, at a 1.48% discount to its issue price. The stock has hit a high of Rs 1968.80 and a low of Rs 1807.05 so far in the trading session. Over 15.86 lakh shares of the company had changed hands at the counter till now. IPO Update: The initial public offer (IPO) of Deepak Builders & Engineers India received bids for 3,78,16,044 shares as against 89,67,061 shares on offer, according to stock exchange data at 15:30 IST on Tuesday (22 October 2024). The issue was subscribed 4.22 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 192 to Rs 203 per share. An investor can bid for a minimum of 73 equity shares and in multiples thereof. The initial public offer (IPO) of Waaree Energies received bids for 16,40,01,762 shares as against 2,10,79,384 shares on offer, according to stock exchange data at 11:18 IST on Tuesday (22 October 2024). The issue was subscribed 7.78 times. The issue opened for bidding on Monday (21 October 2024) and it will close on Wednesday (23 October 2024). The price band of the IPO is fixed between Rs 1,427 to Rs 1,503 per share. An investor can bid for a minimum of 9 equity shares and in multiples thereof. Buzzing Index: Buzzing Index: The Nifty PSU Bank index fell 4.18% to 6,323.85. The index declined 5.21% in two consecutive trading sessions. Punjab National Bank (down 7.18%), Central Bank of India (down 6.48%), Bank of Maharashtra (down 5.98%), Canara Bank (down 5.9%) and Indian Overseas Bank (down 5.86%), Punjab & Sind Bank (down 5.68%), UCO Bank (down 5.67%), Bank of Baroda (down 4.93%), Bank of India (down 4.04%) and State Bank of India (down 2.89%) declined. Stock in Spotlight: Ambuja Cements fell 1.81%. The company said that it has signed a binding agreement for the acquisition of Orient Cement (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. HFCL tumbled 7.48%. The telecom gear maker's consolidated net profit rose 4.50% to Rs 73 crore on 1.61% decline in revenue to Rs 1094 crore in Q2 September 2024 over Q2 September 2023. City Union Bank surged 11.77% after the private sector bank's net profit rose 1.62% to Rs 285.17 crore on 11.71% jumped in total income to Rs 1,660.26 crore in Q2 FY25 over Q2 FY24. Lemon Tree Hotels slipped 3.48%. The company announced the signing of a new property in Kalaburagi, Karnataka. The hotel, to be managed by Carnation Hotels, is expected to open in fiscal year 2027. Mahindra Logistics declined 5.30%. The company's consolidated net loss narrowed to Rs 10.75 crore in Q2 FY25 as against a net loss of Rs 15.93 crore posted in Q2 FY24. Revenue from operations grew by 11.45% to Rs 1,521.10 crore in Q2 FY25 as compared to Rs 1,364.76 crore recorded in Q2 FY24. Spectrum Foods fell 1.85% after the company signed non-binding letter of intent with InterContinental Hotels Group (IHG) for the management and branding of their upcoming 5-star resort in Pushkar, Rajasthan. Cyient DLM dropped 4.82%. The company reported consolidated net profit of Rs 15.50 crore in Q2 FY25, up 5.44% as against Rs 15.50 crore posted in Q2 FY24. Revenue from operation was at Rs 389.40 crore in Q2 FY25, registering a growth of 33.44% year on year. Union Bank of India slipped 1.93%. The bank's standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24. One 97 Communications (Paytm) declined 5.31%. The company reported profit after Tax (PAT) of Rs 930 crore in Q2 FY25, including exceptional gain of Rs 1,345 crore on account of sale of entertainment ticketing business. The company reported net loss of Rs 292 crore in Q2 FY24 and a net loss of Rs 840 crore Q1 FY25. The company's operating revenue for Q2 FY25 reached Rs 1,660 crore, marking an impressive 11% quarter-over-quarter (QoQ) increase. The contribution margin expanded to 54%, up from 50.44% in the previous quarter. This translated to a contribution profit of Rs 894 crore, a substantial 18% QoQ growth. Global market: European stocks declined on Tuesday as investors assessed earnings from bellweather firms across the region. Asian shares ended mixed on Tuesday. In Japan, investors await general elections and a Bank of Japan (BoJ) meeting at the end of October. Tokyo's inflation data, due later this week, will likely influence expectations for Japanese interest rates. Wall Street's retreat from record highs also weighed on regional sentiment. Rising Treasury yields and the looming earnings season contributed to the S&P 500's 0.18% decline. The Dow Jones Industrial Average fell 0.8%, while the NASDAQ Composite gained 0.27%. NVIDIA Corporation's 4% surge to a new all-time high, boosting its market cap above $3.5 trillion, helped mitigate broader market losses as investors anticipated the start of big tech earnings season. With the U.S. presidential elections less than two weeks away, investors were keenly focused on that event. Additionally, a series of major U.S. corporate earnings reports were expected to shape market sentiment. In the Middle East, Israel's ongoing offensive against Hamas and Hezbollah continued to garner significant attention. Concerns about a potential Israeli strike on Iran also remained prominent.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ambuja Cements to 46.8% stake in Orient Cement; announces open offer at Rs 395.40/share

Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. Consequent to the proposed acquisition, Ambuja Cements has announced an open offer for up to 5.34 crore equity shares, constituting 26% of the expanded share capital, at a price of Rs 395.40 per equity share from the public shareholders of OCL. The open offer price represents 12.27% premium to OCL's previous closing price of Rs 352.2. Shares of Orient Cement were currently trading 0.20% lower, at Rs 351.50, while those of Ambuja Cements hovered at Rs 567.40 (down 0.79%) on the BSE. Orient Cement has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. It had recorded turnover of Rs 3,185.09 crore in FY24. OCL has a limestone mining lease in Chittorgarh for setting up an integrated unit (IU) with clinker of 4 MTPA and a split grinding unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a grinding unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group's existing cement footprint,' Ambuja Cements stated. The Adani Group company further said that it plans to optimize OCL's overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business. Karan Adani, director of Ambuja Cements, said: 'This timed acquisition marks another significant step forward in Ambuja Cements' accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja's acquisition. By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY25. The acquisition will help to expand Adani Cement's presence in core markets and improve its pan-India market share by 2%. OCL's assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL's strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA. Ambuja Cements is a major cement producing company in India. The principal activity of the company is to manufacture and market cement and clinker for both domestic and export markets. The cement major's consolidated net profit fell 28.63% to Rs 646.31 crore in Q1 FY25 as against Rs 905.61 crore recorded in Q1 FY24. Revenue from operations declined 4.61% YoY to Rs 8,311.48 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ambuja Cements to acquire 46.8% stake in Orient Cement

Ambuja Cements announced the signing of a binding agreement for the acquisition of Orient Cement (OCL) at an equity value of Rs. 8,100 crore. Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals. OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group's existing cement footprint. OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. OCL's efficient plants, highly motivated teams, strong balance sheet and well-distributed dealer network will be excellent additions to the Adani Group's existing cement business. OCL's existing dealers will move to Adani Cement's market network, creating formidable synergies. Ambuja plans to optimize OCL's overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ambuja Cements to conduct board meeting

Ambuja Cements will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ambuja Cements completes acquisition of Penna Cement Industries

Ambuja Cements has completed the acquisition of Penna Cement Industries (PCIL) on 16 August 2024. Consequently, PCIL has become a subsidiary of the Company effective from 16 August 2024. Powered by Capital Market - Live

3 months agoCapital Market - Live

Ambuja Cements shares up 0.56% as Nifty gains

3 months agoEconomic Times