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Adani Group-Owned Ambuja Cements Profit Nearly Halves In Q2

Ambuja Cements, now part of the Adani Group, on Friday reported a fall of 94.24 per cent in its consolidated net profit for the September quarter.

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Nigerian companies spend over $55 billion on foreign professional services in 10 years

Nigerian companies spend over $55 billion on foreign professional services in 10 years
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Analyst Corner: Maintain buy on Ambuja Cement with TP of Rs 293

Analyst Corner: Maintain buy on Ambuja Cement with TP of Rs 293
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ACC, Ambuja Cements gains on renewing TKH agreement with parent

ACC rose 4.77% to Rs 1655 while Ambuja Cements jumped 6.24% to Rs 252.15. Meanwhile, the S&P BSE Sensex rose 395.42 points or 0.85% to 46,839.60. In separate regulatory filings made after market hours yesterday, ACC and Ambuja Cements said that their respective boards had approved the renewal of the existing technology and know-how agreement (TKH agreement) with Holcim Technology (HTL) under which they pay TKH fees at 1% of net sales each year, to HTL, for a period of 2 years with effect from 1 January 2021, i.e., on the same terms of the existing TKH Agreement. HTL held 4.48% stake in ACC while its stake in Ambuja Cements was 63.27% as on 30 September 2020.

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