Ambuja Cements Operations stopped due to flood

Ambuja Cements Ltd has announced that due to heavy rains in and around plant area at Ambujanagar (Gujarat) resulting in flood, the Company had stopped the operations of both the units at Ambujanagar on September 24, 2007. One unit is being put back in operation on September 26, 2007 while other one will take a few days more.

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

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

The stock closed the day at Rs.147.50, up by Rs.0.40 or 0.27%. The stock hit an intraday high of Rs.149 and low of Rs.146.55.

The total traded quantity was 558631 compared to 2 week average of 7705293.

Source : Equity Bulls

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