AMBUJA CEMENTS LTD. - Coal Block for captive usage

Ambuja Cements Ltd has informed BSE that the Company has participated in the e-auction of coal blocks conducted by the Nominated Authority of the Ministry of Coal, Government of India and has successfully secured the block at Gare-Palma Sector-IV/8 in the state of Chhattisgarh at a bid price of Rs. 2291/-per MT.<BR><BR>The estimated capex for the development of this coal block would be approx Rs. 370 Crores and the mining operation is expected to commence in the year 2018.<BR><BR>Although, the Company keeps securing coal from various sources in any form for its day to day operations.