Ambuja Cement

  • IMG recommends de-allocation 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 Inter-Ministerial Group (IMG) in its meeting on Thursday recommended de-allocation 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 price-fixing, in the largest-ever 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,...