Ambuja Cements is currently trading at Rs. 253.50, up by 0.75 points or 0.30% from its previous closing of Rs. 252.75 on the BSE.
The scrip opened at Rs. 256.75 and has touched a high and low of Rs. 256.75 and Rs. 253.40 respectively. So far 1,703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 286.85 on 03-Mar-2015 and a 52 week low of Rs. 181.70 on 21-Mar-2014.
Last one week high and low of the scrip stood at Rs. 268.80 and Rs. 251.50 respectively. The current market cap of the company is Rs. 39175.95 crore.
The promoters holding in the company stood at 50.35% while Institutions and Non-Institutions held 39.86% and 7.78% respectively.
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.
