AMBUJA CEMENT

  • IMG recommends deallocation of 2 more coal blocks September 20, 2012

    New Delhi: The axe continues to fall on companies who have been allotted coal blocks, but have till now failed to operationalise them. The InterMinisterial Group (IMG) in its meeting on Thursday recommended deallocation of two coal blocks Dahegaon Makardhokra and Bhaskarpara. While Dhaegaon Makardhokra block has been allotted to...
  • Cement stocks slide on CCI penalty June 22, 2012

    Mumbai: Cement stocks, including those of ACC and Ambuja today lost ground, falling up to 6.3 per cent after competition watchdog CCI slapped a hefty Rs 6,307 crore penalty on 11 companies for price cartelisation. Shares of ACC tanked 5.17 per cent to Rs 1,191, while Ambuja Cements lost 5.18 per...
  • CCI fines 11 cement firms over Rs 6,000 crore June 21, 2012

    Mumbai: The Competition Commission of India (CCI) imposed a $1.1 billion fine on Thursday against 11 cement companies for pricefixing, in the largestever penalty ordered by the increasingly assertive regulator. The CCI said the companies colluded to push prices higher by underutilising their plants and creating an artificial shortage of cement,...