In addition, Ambuja Cements will gain access to an extra 6 MTPA of capacity in Northern India by utilizing Orient Cement's premium limestone reserves in Rajasthan.
India's mutual funds increased their stake in the company, rising from 5.53% in June to 6.35% by the end of September.
It was reported on Thursday that Ambuja Cements' promoters aim to sell up to 2.84% of the firm through block agreements.
This location has been chosen to support the growing infrastructure needs of Bihar, as outlined in the Union Budget.
Here are some of the stocks that may see significant price movement today: Ashoka Buildcon, JSW Steel, Ambuja Cements, etc.
Revenue from operations also decreased by 4.5%, falling to ₹4,515.79 crore compared to ₹4,729.71 crore in the previous year’s quarter.
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