ultratech

Adani Group’s concrete plan: $3 billion buyouts in cement space – ET Infra

MUMBAI: The Adani Group is evaluating multiple cement companies for acquisition including Hyderabad-based Penna Cement, Gujarat-headquartered Saurashtra Cement and the cement business of Jaiprakash Associates as well as ABG Shipyard-owned Vadraj Cement, according to people familiar with the matter. It is keeping aside a war chest of $3 billion for these acquisitions, these people said. […]

Adani Group’s concrete plan: $3 billion buyouts in cement space – ET Infra Read More »

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra

NEW DELHI: Aditya Birla group firm UltraTech Cement on Monday said it has made an offer to acquire a 31.6 per cent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This would be done by UltraTech Cement Middle East Investments Ltd (UCMEIL), a wholly-owned subsidiary of the Indian cement

UltraTech Cement offers to acquire 31.6 per cent in UAE-based RAKWCT – ET Infra Read More »

The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra

Adani Group, which is a key player in India’s infrastructure and materials sector with a strong presence in airports, ports, mines, energy and real estate, has been flexing its muscles in another sector crucial to India’s infrastructural growth — cement. Adani’s bet on cement business relies on India’s fast-paced expansion of its infrastructure which requires

The Orient Cement: Adani’s play in yet another infra sector in India – ET Infra Read More »

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra

A strong year-on-year growth in volume, along with lower cost of power and fuel is seen boosting earnings of domestic cement producers in the September quarter, with average profitability of the industry seen surging by at least 50% compared to the previous year, said analysts. While operating margins are seen lower on a sequential basis

Cement companies’ Q2 profitability to surge on strong volumes – ET Infra Read More »

Orient promoter CK Birla taps Adani for cement business sale – ET Infra

Industrialist CK Birla has approached Gautam Adani to sell his promoter stake in listed Orient Cement after rejecting initial offers from other domestic players for failing to meet his valuation demand, people aware of the talks told ET. Senior management executives on both sides have also met to discuss a potential deal for the Adanis,

Orient promoter CK Birla taps Adani for cement business sale – ET Infra Read More »

India Cements to sell property to UltraTech for ₹70 crore – ET Infra

CHENNAI: Cement major India Cements has agreed to sell one of its property (73.7 acre) to another leading cement manufacturer UltraTech Cement for a consideration of Rs 70 crore. On Thursday, the leading cement manufacturer informed the BSE that it has entered into an agreement with UltraTech Cement Limited for the sale of land measuring

India Cements to sell property to UltraTech for ₹70 crore – ET Infra Read More »

Dalmia Bharat’s deal to buy Jaypee’s cement assets hits a legal hurdle – ET Infra

Dalmia Bharat‘s acquisition of Jaiprakash Associates‘ cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants that was to be acquired as part of the transaction, according to sources aware of the matter. As per stock exchange disclosures by New Delhi-based Dalmia Bharat, India’s

Dalmia Bharat’s deal to buy Jaypee’s cement assets hits a legal hurdle – ET Infra Read More »

JSW aims to be among the top 5 cement firms in India: MD Parth Jindal – ET Infra

The Indian cement sector is poised to grow exponentially in the coming few years. To capitalise on this growth potential, JSW Group is ramping up its cement production capacity through a mix of organic growth and acquisitions. In an interview with Deborshi Chaki, Parth Jindal, managing director, JSW Cement and JSW Paints, outlined the company’s

JSW aims to be among the top 5 cement firms in India: MD Parth Jindal – ET Infra Read More »

India Cements posts Q1 adjusted loss as raw material costs weigh – ET Infra

India Cements reported a wider adjusted loss in the first quarter on Monday, hurt by irregular monsoon and high raw material costs. The company reported a loss before exceptional items and tax at 989.1 million rupees ($11.96 million), from 720.1 million rupees loss a year ago. Revenue from operations fell about 4% to 13.93 billion

India Cements posts Q1 adjusted loss as raw material costs weigh – ET Infra Read More »

Adani’s Ambuja-ACC is frontrunner to acquire Sanghi Cements – ET Infra

Adani group’s Ambuja-ACC has emerged the frontrunner to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET

Adani’s Ambuja-ACC is frontrunner to acquire Sanghi Cements – ET Infra Read More »

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