Key Developments: Ambuja Cements Ltd (ABUJ.NS)
185.60INR
6:29am EDT
Rs-2.65 (-1.41%)
Rs190.50
Rs187.50
Rs188.25
Rs184.80
1,966,540
2,167,544
Rs223.00
Rs135.75
Latest Key Developments (Source: Significant Developments)
Ambuja Cements Ltd Recommends Final Dividend
Ambuja Cements Ltd that the Board of Directors of the Company at its meeting held on February 07, 2013, inter alia, has recommended a final dividend on Equity Shares at the rate of INR2.20 per share. With the interim dividend of INR1.40 per share paid during the year, the total dividend for the year 2012 works out to INR3.60 per share. The Company in the previous year had paid dividend at INR3.20 per share which included interim dividend INR1.40 per share. The Dividend shall be payable on and from April 09, 2013. Full Article
Ambuja Cements Ltd. Announces Dividend Payment Date
Ambuja Cements Ltd. announced that interim dividend of 70% on equity shares of the Company i.e. INR1.40 per share approved by Board of Directors at its meeting held on July 26, 2012, will be paid on and from August 14, 2012. Full Article
Ambuja Cements Ltd. Declares Interim Dividend
Ambuja Cements Ltd. announced the Board of Directors of the Company at its meeting held on July 26, 2012, inter alia, has approved payment of interim dividend of 70% on equity shares of the Company i.e. INR1.40 per share. Full Article
India Anti-Trust Body Imposes INR62 Billion Penalty On 11 Cement Companies Including Ambuja Cements Ltd.-DJ
Dow Jones reported that India's antitrust body on Thursday imposed a total penalty of INR60 billion ($1.1 billion) on 11 cement companies for price fixing. The companies penalised by the Competition Commission of India include ACC Limited, Ambuja Cements Ltd., UltraTech Cement Ltd, Jaiprakash Associates Limited, India Cements Ltd, and the local unit of France's Lafarge S.A. The commission has found that the cement companies have not utilised the available capacity so as to reduce supplies and raise prices in times of higher demand. The penalty on each company amounted to 50% of profit for the financial years 2009-10 and 2010-11. Full Article
Ambuja Cements Ltd. Recommends Final Dividend
Ambuja Cements Ltd. announced that the Board of Directors of the Company at its meeting held on February 09, 2012, inter alia, have recommended a final dividend on Equity Shares at the rate of INR1.80 per share. With the interim dividend of INR1.40 per share paid during the year, the total dividend for the Corporate Financial Year ended 2011 works out to INR3.20 per share. The Company in the previous year had paid dividend @ INR2.60 per share which included interim dividend INR1.30 per share. Full Article
Ambuja Cements Ltd. Announces Acquisition Of Controlling Stake In Dirk India Pvt. Ltd.
Ambuja Cements Ltd. announced that it has acquired 60% equity shares from the existing promoters of Dirk India Pvt. Ltd. for a consideration of INR16.51 crores (INR165.1 million). Dirk India Pvt. Ltd. is a Company incorporated in Maharashtra and is the first processed fly ash manufacturing and marketing company in India with a capacity of 2500 TPD. With this acquisition, Dirk India Pvt. Ltd. and Dirk Pozzocrete (MP) Pvt. Ltd. have become subsidiaries of the Company. Full Article
Ambuja Cements Ltd. Fixes Record Date For Interim Dividend
Ambuja Cements Ltd. announced that August 9, 2011, has been fixed as the Record Date for the purpose of Payment of Interim Dividend. Full Article
Ambuja Cements Ltd. Declares Interim Dividend
Ambuja Cements Ltd. announced that the Board of Directors of the Company at its meeting held on July 28, 2011, inter alia, has approved payment of interim dividend of 70% on equity shares of the Company i.e. INR1.40 per share. Full Article
Ambuja Cements Ltd. Buys 85% In Nepal's Dang Cement For INR191.3 Million-DJ
Dow Jones reported that Ambuja Cements Ltd. said it acquired an 85% stake in Nepal's Dang Cement Industries Pvt. Ltd. for INR191.3 million. Ambuja Cements Ltd. is also in the process of acquiring an additional 5% stake for INR11.3 million. Dang Cement holds a limestone mining lease in Nepal and currently doesn't have any business activity. Full Article
MARKET EYE-CLSA upgrades Ambuja Cements to 'buy'; shares gain
* Shares in Ambuja Cements Ltd gain 1.5 percent after CLSA upgraded the stock to "buy" from "outperform", citing 'reasonable' valuations following recent correction. * CLSA says the stock now trades at 15 times its one-year forward earnings, which is broadly in line with the five-year average. * Cement stocks have been under pressure for the last few months following the negative news flow on weak industry demand growth while the increase in royalty by Holcim Ltd further impacted Ambuja and ACC
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