MoneyWorks4Me

Ambuja Cements emerges as winner in the ongoing coal block auctions

09 Mar 2015 Evaluate

Ambuja Cements has emerged winner in the ongoing coal block auctions for the ready-to-produce blocks. The company has won the Gare Palma IV/8 block in Chhattisgarh for Rs 2,291 a tonne. The block reserved for the non-power sector has extractable reserves of 11.75 million tonnes and was previously owned by Jayaswal Neco.

Ambuja Cement is a part of a global conglomerate Holcim and its current cement capacity is 27.25 million tonnes. The company has five integrated cement manufacturing plants and eight cement grinding units across the country.

Peers
Company Name CMP
Ultratech Cement 10465.00
Ambuja Cements 342.00
ACC 1130.65
Shree Cement 21578.95
Dalmia Bharat 1592.25
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