India’s Ambuja Cements Oct shipments up 1.7% YoY

India’s Ambuja Cements Oct shipments up 1.7% YoY
Published: 02 November 2011

Ambuja Cements Ltd, India’s No. 3 cement maker, said late on Tuesday shipments in October rose 1.7 per cent from a year ago to 1.78Mt.

The company, part of the Holcim group, said production in October rose to 1.81Mt from 1.75Mt a year earlier.

Ambuja Cements, which follows January-December as accounting year, has posted a 12.5% rise in net profit at INR1.71bn in the third quarter (July-September) ended September 30, in fiscal year 2011. It had posted a net profit of INR1.52bn in the same period of the previous year, the company said in a statement.