Ambuja Cements operations disrupted due to flood at Ambujanagar (Gujarat)

Ambuja Cements Ltd has announced that due to heavy rains in and around plant area at Ambujanagar (Gujarat) resulting in flood, on August 08, 2007 the Company has stopped the operations of the plants at Ambujanagar.

Loss arising out of flood is being estimated, however, the same is fully covered under insurance.

All efforts are being made to restore normalcy at the earliest.

The stock was trading at Rs.129.65. The stock hit an intraday high of Rs.131.80 and low of Rs.129.15. The total traded quantity was 511556 compared to 2 week average of 1189237.

Source : Equity Bulls

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