Ambuja Cement and ACC, both Adani group firms, have reached an amicable solution to the logistics crisis in Himachal Pradesh and will resume operations on Tuesday.
After failing to find a solution to soaring transport cost, the companies ceased operations in Himachal Pradesh in December.
“All the stakeholders have come together and amicably resolved the ongoing discussions on the freight rates in the state of Himachal Pradesh. This outcome is positive for ACC & Ambuja Cements and all the stakeholders involved. In line with our commitments, we are pleased to share that ACC and Ambuja Cements will resume operations effective tomorrow at the Gagal and Darlaghat plants in Himachal Pradesh,” said Adani Cement, which holds operational control of both listed companies.
The new freight rates from tomorrow for single axle trucks of 12 tons would be Rs. 10.30 Per Ton Per Km for Ambuja Cements’ Darlaghat plant & ACC’s Gagal plant as compared to earlier rates of Rs 11.41 for ACC’s Gagal and Rs 10.58 for Ambuja Cements’ Darlaghat units. The new rates for multi axle 24 ton Trucks would be Rs 9.30 Per Ton Per Km for both units. This will result in overall reduction of 10-12% in the freight rates benefiting the customers of Himachal Pradesh.
