CCI approves UltraTech Cement’s acquisition of India Cements
Dec 20, 2024, at 09:09 pm
New Delhi: The Competition Commission of India (CCI) on Friday approved UltraTech Cement’s proposal to acquire a majority stake in India Cements, promoted by billionaire Kumar Mangalam Birla.
JSW Cement targets to double cement grinding capacity to 41 MTPA
Aug 21, 2024, at 06:45 am
Mumbai: JSW Cement Ltd plans to more than double its cement grinding capacity in India, increasing it from the current 20.60 million tonnes per annum (mtpa) to nearly 41 mtpa, as stated in its draft initial share sale documents.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
May 22, 2024, at 03:02 am
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
Adani family infuses Rs 8,339 cr in Ambuja Cements, raising stake to 70.3%
Apr 18, 2024, at 03:06 am
Ahmedabad: The Adani family, headed by billionaire Gautam Adani, announced on Wednesday that they have injected Rs 8,339 crore as the main shareholders into their cement subsidiary Ambuja Cements Ltd. by fully participating in the company's warrants program.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tamil Nadu’s Tuticorin for Rs 413.75 cr
Apr 16, 2024, at 05:04 am
Ahmedabad: Adani Group-owned cement and building material company Ambuja Cements signed a definitive agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tamil Nadu’s Tuticorin.
Adani family injects Rs 6,661 cr in Ambuja Cement
Mar 29, 2024, at 12:51 am
Mumbai: The Adani family has injected Rs 6,661 crore into Ambuja Cement, elevating its stake in the company to 66.7%.
Ambuja Cements to invest Rs 1,000 cr in Jharkhand
Feb 22, 2024, at 04:31 am
New Delhi: Ambuja Cements, a part of the Adani Group, on Wednesday announced its intention to invest Rs 1,000 crore in setting up a cement grinding unit in the Godda district of Jharkhand.
Ambuja Cement Q3FY24 net profit soars 123% YoY to Rs 1090 cr
Feb 02, 2024, at 07:01 am
Mumbai: Ambuja Cement, owned by Gautam Adani, reported a 123 percent increase in consolidated net profit for the December quarter, reaching Rs 1,089.55 crore compared to Rs 487.88 crore the previous year. This surge was attributed to price hikes and strong demand for building materials.
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Jan 06, 2024, at 08:22 am
Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.
Adani Group completes stake purchase in Sanghi Industries Ltd
Dec 06, 2023, at 05:19 am
Mumbai: Adani Group-owned Ambuja Cements completed the acquisition of Sanghi Industries Ltd (SIL) at a revised offer price of Rs 121.90 per share, ET reported.
Adani Group's Ambuja Cements acquires Sanghi Industries for Rs 5,000 cr
Aug 03, 2023, at 11:57 pm
Mumbai: Adani Group-owned Ambuja Cements Ltd (ACL) has acquired Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore, the company said in a press release on Thursday.
Bharathi Cement opens first-of-its-kind fully-automated Cement Terminal in Coimbatore
Oct 11, 2022, at 04:54 am
Coimbatore: Bharathi Cement, a group company of VICAT France, inaugurated its 0.75 MTPA bulk cement terminal in Coimbatore on Monday (Oct 10) to serve the major market of Tamil Nadu and Kerala.
After takeover, Adani Group announces infusion of Rs 20,000 cr in Ambuja Cements
Sep 18, 2022, at 02:13 am
Mumbai: The Adani Group completed the acquisition of Ambuja Cement and its listed subsidiary ACC on Friday, becoming India's largest conglomerate by market capitalisation and also announced a record preferential issue of stocks.
Significant rise in import of Venezuelan petcoke by Indian cement companies: Report
Aug 20, 2022, at 04:39 pm
The cement manufacturers in India are importing petroleum coke from Venezuela in significant amounts as they look for cheaper energy alternatives amid skyrocketing coal prices across the globe.
Dalmia Bharat, FLSmidth partner to develop more sustainability solutions
May 05, 2022, at 03:39 am
Copenhagen: Dalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat Limited, one of India’s leading cement manufacturers, and FLSmidth & Co. A/S, engineering, equipment, and service solutions to the global mining and cement industries, have signed an MoU to collaborate in the research and development of disruptive solutions for next-generation cement manufacturing.
Jan 13, 2021, at 05:23 am
Mumbai/IBNS: Union Minister for Road Transport and Highways Nitin Gadkari's assurance to to look into the demands of creating a Regulatory Authority for Steel and Cement, recommended by Builders' Association of India, has been welcomed by Ketan Sengupta, CEO of Bengal Peerless Housing Development Company and Saket Agarwal, Director, Micky Metals Ltd.