The Board of ACC at its meeting held on 12 December 2018 has transacted the following -
Granted its approval for setting up a Greenfield Integrated Cement Plant at Ametha. District Katnl, Madhya Pradesh (Clunker capacity of 3 MTPA and Cement capacity of 1 MTPA) along with expansion of the existing grinding unit in Tikaria, Uttar Pradesh (Cement capacity of 1.6 MTPA) and a third grinding unit also in Uttar Pradesh (cement capacity 2.2 MTPA).
Approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.
The above projects are estimated to cost approximately Rs.3000 Crore, which is proposed to be funded through internal accruals. The Company has an existing capacity of 33.41 MTPA. In 2017 the utilization rate was 79%. The above Projects are proposed to be completed within a period of three years
Alexander Stamps And Coin announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 January 2019 .
The Board of Ambuja Cements has approved the resignation of Ajay Kapur, MD & CEO of the company with effect from 01 March 2019.
The equity shares of Aryan Share & Stock Brokers (Scrip Code: 542176) are listed effective 12 December 2018 and admitted to dealings on the Exchange in the list of 'XT' Group Securities.
Ashapura Minechem announced that the Board of Directors at its meeting held on 11 December 2018 have considered its current legal premise; its financial obligations and the legal opinion solicited in this regard, has principally agreed and decided to move the National Company Law Tribunal - Mumbai Bench, under appropriate & relevant provisions of the Insolvency and Bankruptcy Code, 2016.