BAJAJ BROKING

Notification close image
No new Notification messages
card image
3B Films IPO is Open!
Apply for the 3B Films IPO through UPI in just minutes.
delete image
card image
Start your SIP with just ₹100
Choose from 4,000+ Mutual Funds on Bajaj Broking
delete image
card image
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
delete image
card image
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
delete image
card image
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.
delete image

Ambuja Cements to Invest ₹1,600 Crore in Bihar Cement Grinding Unit

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Ambuja Cements will invest ₹1,600 crore in a 6 MTPA cement grinding unit in Bihar. The unit will be implemented in three phases. The first phase, with a capacity of 2.4 MTPA and an investment of ₹1,100 crore, is scheduled for completion by December 2025.

Ambuja Cements News Today

Ambuja Cements share price will remain in focus today as the leading player in the Indian cement industry has announced a significant investment of ₹1,600 crore to establish a 6 million tonnes per annum (MTPA) cement grinding unit in Warisaliganj, Bihar.

This marks the company's first venture into Bihar, underscoring its commitment to expanding its footprint in the region.

Phased Implementation

The Warisaliganj Cement Grinding Unit will be implemented in three phases. The first phase, with a capacity of 2.4 MTPA and an investment of ₹1,100 crore, is scheduled for completion by December 2025. The company has made provisions for future expansion, which will be undertaken at a lower capital expenditure. The site, located in Mosama village, benefits from excellent road and rail connectivity.

Supporting Bihar's Infrastructure Growth

This project aligns with Bihar's growing infrastructure needs, which are highlighted in the Union Budget. Bihar Chief Minister Nitish Kumar, at the foundation stone-laying ceremony, emphasised that this investment reflects the state's growth potential.

Pranav Adani, Managing Director (Agro, Oil & Gas) and Director of Adani Enterprises Limited, highlighted that the investment supports both the state government's development programs and Ambuja Cements' growth plans.

Land Allocation and Environmental Clearances

The Bihar Industrial Area Development Authority (BIADA) has allocated 67.9 acres of land for the Warisaliganj unit, with environmental clearance already obtained. Additionally, BIADA has allocated 26.6 acres for another cement unit in the industrial area of Mahbal, Motipur, Muzaffarpur, with environmental clearance pending and work expected to commence soon.

Stock Performance

On Friday, Ambuja Cements' share price closed 1.43% lower at ₹654.5 per share on the NSE. Despite this, the stock has seen a robust performance in 2024, gaining 22.5% year-to-date and achieving a 12-month return of 38.05%.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Disclaimer :

The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

[ Read More ]

For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

10 lakh+ Users

icon-with-text

4.4 App Rating

icon-with-text

4 Languages

icon-with-text

₹5100+ Cr MTF Book

icon-with-text
banner-icon

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|

Please Enter Mobile Number

Open Your Free Demat Account

Enjoy low brokerage on delivery trades

+91

|