ACC stops limestone mining at Chaibasa, Bargarh; stock slips 1.6%

MUMBAI: Shares of cement major ACC were down on profit booking after the company suspended limestone mining operations at Chaibasa and Bargarh cement plants.

The mining has been stopped following orders from state governments of Jharkhand and Odisha.

Whilst the company has complied with the government orders, it is in the process of seeking relief in the order and is hopeful of a positive outcome.

At 09:35 a.m.; the stock was at Rs 1381.85, down 1.58 per cent, on the BSE. It touched a high of Rs 1394.70 and a low of Rs 1380 in trade today.