The non-banking finance company, backed by private equity firm Clermont Group and investment bank Arpwood Group.
Recommendation: Add; Target price: Rs 1665
Recommendation: Buy; Target price: Rs 3300
Recommendation: Reduce; Target price: Rs 2020
Recommendation: Buy; Target price: Rs 3350
The entire acquisition will be funded through internal accruals, showcasing Ambuja Cements' strong financial position.
Thermal plants are to be set up near Amarkantak in Madhya Pradesh, and in Sundergarh district, Odisha
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