Ambuja Cements Limited (AMBUJACEM.BO)
| Previous close | 638.40 |
| Open | 640.45 |
| Bid | 633.00 x 0 |
| Ask | 633.70 x 0 |
| Day's range | 630.20 - 641.90 |
| 52-week range | 376.00 - 649.00 |
| Volume | |
| Avg. volume | 145,676 |
| Market cap | 1.557T |
| Beta (5Y monthly) | 0.12 |
| PE ratio (TTM) | 69.92 |
| EPS (TTM) | 9.04 |
| Earnings date | 25 Jun 2024 - 29 Jun 2024 |
| Forward dividend & yield | 2.50 (0.40%) |
| Ex-dividend date | 07 Jul 2023 |
| 1y target est | 234.20 |
ReutersIndia's Ambuja Cements to invest $723 million for green power production
BENGALURU (Reuters) -Indian construction materials maker Ambuja Cements will invest 60 billion rupees (nearly $723 million) in renewable power projects, the company said on Monday. The Adani Group-owned company added that the capacity from solar power and wind power projects will be achieved by fiscal 2026, and add to its existing capacity of 84 MW. These projects will increase the company's total green power capacity to 60% from the existing 19%, it said.
ReutersIndia's Adani gets $3.5 billion loan to refinance cement expansion debt
BENGALURU (Reuters) -The cement business of Indian billionaire Gautam Adani's flagship group said on Friday it had secured a new $3.5 billion loan to refinance debt it had taken to buy ACC Ltd and Ambuja Cements last year. The refinancing of the loan was concluded with 10 international banks including DBS, First Abu Dhabi Bank and Mizuho Bank for a tenor of 3 years, the group said in a statement, adding that it would save Adani Cement about $300 million in costs. Adani Group entered the cement sector last year with a $10.5 billion deal to buy Ambuja and ACC from Swiss giant Holcim.
ReutersIndia's Sanghi Industries hits 5-yr high on report Adani-owned Ambuja to buy stake
Shares of cement maker Sanghi Industries rose as much as 5% to a more than five-year high on Wednesday on news that Adani-owned Ambuja Cements had reached a deal to buy a majority stake in the company's operations. The deal by Ambuja is likely to be announced on Wednesday, two sources with direct knowledge of the matter told Reuters. The Economic Times reported last week that Adani was among those leading the race to acquire Sanghi Cement.
