The focus for Ambuja Cement remains on growing the premium product portfolio where volumes grew 14% YoY in 4QCY19 and 13% in CY19.
As part of its ‘Aspiration 2022’ goal, IHIN targets to strike a balance between managed and owned rooms at 50:50.
Valuations at 13x FY21 EV/EBITDA do not factor in the new growth streams and could help drive up prices in medium term.
Company has strong presence in mid-priced hotel segment and is seeing a strong increase in the no. of rooms through management contracts.
Overall EXIM volumes were impacted by demand contraction in the global and domestic markets.
JSW Energy has signed a share purchase agreement to acquire GMR Kamalanga, valued at a maximum amount of Rs.5300 Cr.
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