NEW DELHI: Leading cement makers
Ambuja Cements
is going to announce its fourth-quarter earnings report for the FY 2019-20 on April 27, 2020. There could be a dip in the quarterly numbers of the company as the sales volumes fell 30-40 per cent in March due to the nationwide lockdown.
The stocks of the company were trading at Rs 72.05 up 2.44% or Rs 4.10 on April, 10:53 am on National Stock Exchange.
The cement manufacturing in India had temporarily halted after the government had announced lockdown to curb the spread of the coronavirus pandemic.
On March 23, Ambuja Cements temporarily suspended its operations at various locations, in compliance with the direction issued by the government in view of the pandemic.
Earlier, Ambuja Cements had told the exchanges that the company would start production from April 20 and it is in discussion with the government authorities for necessary approvals.
The company is taking all necessary steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on April 15, Ambuja Cements said in a regulatory filing.
It has a cement capacity of 29.65 million tonnes with five integrated cement manufacturing plants and eight cement grinding units across the country.
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