Ambuja Cements board approves investment of Rs3500 crore for expansion projects

18 Feb 2022 , 09:29 AM

Ambuja Cements Ltd stocks in focus post Q3FY22 earnings for the financial year. Further, the Board has also given its in principle approval for an investment of ~Rs3,500 crore for expansion projects.

As per regulatory filing, the Board approved investment for a cement grinding expansion plan of potential 7.0 million tons across the existing grinding units at Sankrail and Farakka and at a greenfield location at Barh, in Bihar, supported by a 3.2 million tons brownfield clinker expansion at the existing integrated plant in Bhatapara, Chhattisgarh.

On Sensex, at around 9:32 AM, Ambuja Cements was trading at Rs346.90 apiece down by Rs12.5 or 3.48% against its previous closing of Rs359.40 apiece on the BSE.