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Ambuja Cements rises post Nov dispatches nos

Saturday 3rd Dec 2011 1224

Mumbai : Ambuja Cements is trading higher by 4% to Rs 155 in an otherwise subdued market after the company reported a 29% year-on-year increase in cement dispatches to 1.83 million in November.

The growth in November shipments was due to a low base in the year-ago period, the country's third largest cement maker said in a statement.

Meanwhile, the company reported a rise of 26% in November 2011 cement production at 18.14 million tonnes from 14.37 million tonnes for November 2010. The Swiss cement maker Holcim holds about 46% stake in the company.

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