Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers — UltraTech Cement, Ambuja Cement, and Dalmia Bharat — other smaller players, including Nuvoco Vistas Corp, JK Cement, Birla Corporation, and Heidelberg Cement, reported a decline in … Read more
UltraTech Cement is the cement flagship company of the Aditya Birla Group. The price offered by UltraTech is 4.1 per cent higher than the ICL shares’ closing price of Rs 374.60 last Friday. Leading cement manufacturer UltraTech will acquire an additional 32.72 per cent stake in India Cements Ltd from the promoters of the South-based … Read more
New Delhi: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates in a Rs 3,954 deal to expand its footprint in the highly competitive and fast-growing Southern cement market, particularly Tamil Nadu. Besides, Ultratech has also announced a Rs 3,142.35 crore open … Read more
Aditya Birla Group Chairman Kumar Mangalam Birla. File | Photo Credit: Shashi Ashiwal Aditya Birla group-owned UltraTech on July 28 entered into a share purchase agreement with the promoters and their associates of India Cements Ltd to purchase 10,13,91,231 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals. … Read more
Image for representation purpose only. | Photo Credit: AP Construction materials maker Ambuja Cements will invest ₹60 billion (nearly $723 million) in renewable power projects, the company said on Dec. 18. The investment will be funded internally and is expected to target a capacity of 1,000 megawatts (MW) through solar and wind power projects in … Read more
