Shree Cement, Ambuja may pause capex amid overcapacity concerns
Shree Cement, Ambuja may pause capex amid overcapacity concerns – Mint reports that Shree Cement and Ambuja Cements may slow capital expenditure due to sector-wide overcapacity. This could ease supply pressure in the cement industry, supporting margins. ₹500 crore+ potential capex deferment under review. Sector stock valuations may stabilize if sustained.
📊 STOCKS: SHREECEM, AMBUJACEM | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #capex
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