Here are the top headlines on Tuesday
The move comes as Switzerland's Holcim tries to diversify away from its core business of cement and aggregates to focus more on building technology amid increased emphasis on sustainability
Swiss cement major's India units facing cement cartelisation probe
Business Standard brings you the top headlines at this hour
Business Standard brings you the top headlines at this hour
Adani Group could sign an agreement to acquire a controlling stake in Ambuja Cements Ltd. from Holcim as soon as in the coming days
Holcim Ltd., the world's biggest cement maker, is considering a potential sale of businesses in India including Ambuja Cements.
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
Going ahead, charts indicate likely revival in investor sentiment with further uptick in prices.
Despite these ongoing cost related challenges, demand outlook is expected to stay healthy from long-term perspective
Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE
On BSE, the scrip closed 5.87 per cent lower at Rs 338.3; Intra-day, it was trading at Rs 337.2
Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 million tonnes across our existing grinding units at Sankrail and Farakka and at a greenfield (fresh) location at Barh, in Bihar," Neeraj Akhoury, CEO of Holcim India and MD & CEO of Ambuja Cements, said in an earnings statement. This is supported by a 3.2-million tonne brownfield (existing) clinker expansion at the company's existing integrated plant in Bhatapara, Chhattisgarh, he added. Ambuja Cements Ltd is one of the leading cement companies in India and is active in four business segments cement, aggregates, ready-mix concrete, and solutions & products. Currently, Ambuja Cement has an annual cement production capacity of 31 million tonnes with six ...
Ambuja Cements and India Cements charts indicate breakout of 'Inverse Head and Shoulder' pattern, thus a bullish trend ahead.
The stock of Bandhan Bank has been underperforming the banking index and is still struggling below the resistance zone of moving averages
The significant pick up in the infra activity backed by the NIP is likely to see healthy traction in terms of new project awards and execution medium term, which is expected to boost cement demand.
Stock market LIVE: Broader indices also trimmed gains at close; PSU banking shares were in demand, while private banking shares witnessed selling pressure
The trial runs at the new plant were on since August
In a recent report, analysts at Goldman Sachs suggested they see Brent crude oil prices at $90 per barrel by December 2021 on the back of a larger-than-expected demand-supply deficit
Ambuja Cements, part of Swiss building material major Holcim group on Monday said it will invest Rs 310 crore to expand the production capacity of its plant at Ropar, Punjab, over the next two years.