ACC and Ambuja Cements to enter master supply agreement

ACC Ltd and Ambuja Cements, both Indian units of LafargeHolcim, plan to enter into a master supply agreement for cement, clinker, and raw materials. The agreement includes a 5% discount on average net selling price for cement.

“Both the companies have sought approval from their shareholders to 'enter into, execute and deliver the master supply agreement' with each other.”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comACC and Ambuja Cements to enter into master supply agreement - Times of IndiaPTIMar 12, 2018
• globalcement.comACC and Ambuja enter Master Supply Agreement - Cement Sector News - Global CementGlobal Cement staffMar 13, 2018

Summarized from public sources; check the original articles before acting on it.