SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Ambuja Cements to invest Rs 370 crore to develop Gare-Palma-IV/8 coal block

18 Mar 2015 Evaluate

In a bid to develop the Gare-Palma-IV/8 coal block in Chhattisgarh, Ambuja Cements is planning to invest around Rs 370 crore. The cement maker, in which Swiss building material major Holcim has majority stake, is expecting mining operation in the said block to start in 2018.

Ambuja had bagged the coal mine, which has an extractable reserve of over 11 million tonnes, taking part in the ongoing e-auction of coal blocks at a bid price of Rs 2,291 per tonne.

The company has 27.25 million tonnes of cement-making capacity. It has five manufacturing facilities including one in Chhattisgarh. Ambuja Cements has also eight cement grinding units.

Ambuja Cement Share Price

461.75 5.40 (1.18%)
22-Apr-2026 15:02 View Price Chart
Peers
Company Name CMP
Ultratech Cement 12178.65
Ambuja Cement 461.75
ACC 1449.50
Shree Cement 25743.60
Dalmia Bharat 1991.55
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×