Ambuja Cements Plans Rs 14,500 Crore Capex for 30 MTPA Expansion
Ambuja Cements said it is preparing for its next growth phase with around Rs 14,500 crore in capex, expected to add 30 metric tonnes per annum of cement capacity across key markets. Its shares gained nearly 4% on Monday, November 2. Nomura retained its Buy rating but cut its target price.
Ambuja Cements share were seen trading green on Monday November 2 after the company announced that it is preparing for its next phase of growth with a total capex of around Rs 14,500 crore.The new expansion is expected to add 30 metric tonne per annum of cement across key markets.The company’s stoc…