').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Ambuja Cements, ACC To Restart Operations At 2 Plants In Himachal Pradesh
The Darlaghat plant of Ambuja Cements has a capacity of 2 million tonnes per annum while that of ACC's Gagal produces 5.5 mtpa
Topics
Adani Group | Ambuja Cements | ACC
Adani group companies ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh after resolving freight issues in the state.
The companies had stopped operations in Himachal Pradesh in December after failing to find a solution to soaring transportation costs.
“All the stakeholders have come together and amicably resolved the ongoing discussions on the freight rates in Himachal Pradesh. In line with our commitments, both ACC and Ambuja Cements will resume operations effective tomorrow (Tuesday) at the Gagal and Darlaghat plants,” Adani Cement, which holds operational control of both listed companies, said on Monday.
The new freight rates finalised with transporters for single axle trucks of 12 tonnes would be Rs 10.30 a tonne per km for Ambuja Cements’ Darlaghat plant and ACC’s Gagal plant as compared to earlier rates of Rs 11.41 for Gagal and Rs 10.58 for Darlaghat units earlier.
Similarly, the new rates for multi-axle 24 tonne trucks would be Rs 9.30 a tonne per km for both units. This will result in overall reduction of 10-12 per cent in the freight rates benefiting the customers of Himachal Pradesh, Adani Cement said.
The Darlaghat plant of Ambuja Cements has a capacity of 2 million tonnes per annum while that of ACC’s Gagal produces 5.5 mtpa.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, February 20 2023. 19:47 IST
RECENT NEWS
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more