Ambuja Cements - Share Review

Ambuja Cements’ dispatches stood at 1.93mn tonnes for December 2011, up by
modest 5.7% yoy on a high base of last year.

For CY2011, the company’s dispatches grew marginally by 4.2% to 20.96 mn tonnes. During CY 2010, the
company added 2mtpa of capacity, post which its overall capacity stands at
27mtpa.

Angel Broking continue to remain Neutral on Ambuja Cements.
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