Ambuja Cements Ltd Q2 results

Ambuja Cements Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 2924.40 million for the quarter ended September 30, 2007 as compared to Rs 2617.60 million for the quarter ended September 30, 2006. Total Income has increased from Rs 11604.30 million for the quarter ended September 30, 2006 to Rs 13183.20 million for the quarter ended September 30, 2007.

Ambuja Cements Ltd

Ambuja Cements Ltd had informed the Exchange that due to heavy rains in and around plant area at Ambujanagar (Gujarat) resulting in flood, the Company had stopped the operations of the plants at Ambujanagar. The Company has now informed the Exchange that: "All the plants resumed operations in a phased manner between 11th August, 2007 and 29th August 2007. Loss of equipment due to flood is fully covered under the insurance policy. The Company has lodged insurance claims of Rs.12.5 crores with the insurance companies towards the estimated losses. The Company has suffered loss of cement production of about 2 lac tonnes due to this unfortunate event. Complete normalcy in full production is expected shortly".

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