Cement
UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes
22 Apr 2024
Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.
India’s core sector output expands by 6.7% in February
01 Apr 2024
Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.
Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr
05 Jan 2024
Grasim Industries Limited, the flagship company of the Aditya Birla Group, has come out with a rights issue to raise about Rs4,000 crore.
Gautam Adani: Over 90% of Adani Group cement is made from fly ash and slag recycling
07 Dec 2023
Gautam Adani, the Chairman of Adani Group, has emphasized the substantial progress made by the conglomerate’s cement arm in its journey towards sustainability.
UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal
01 Dec 2023
UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.
Adani seals $10.5 bn deal for Holcim’s cements business in India
16 May 2022
Adani Group acquired 63.19 per cent of Holcim’s two cement units in India Ambuja Cements Ltd and its subsidiary ACC in fierce bidding with local rivals
Holcim weighs sale of cement business in India: report
15 Apr 2022
Holcim Group, which has recently been selling off its non-core assets, in order to reduce debt and diversify through acquisitions, sold off its Brazilian unit for $1 billion in September last year, and is reported to be in talks to divest its business in Zimbabwe
Best ways to cut carbon emissions from the cement industry explored
20 May 2021
A new Imperial report identifies alternative materials and carbon capture technologies as critical in decarbonising the cement industry
Calcutta HC removes squatter Lodha from MP Birla Group
21 Sep 2020
While Madhav Prasad and Priyamvada had no children, the extended Birla family expected charitable trusts to inherit the estate, but to their surprise, a few days after Priyamvada’s death, Lodha showed up with a will allegedly written by her in 1999
Nirma to acquire Emami Cement in Rs5,500-cr deal
07 Feb 2020
Cement demand growth set to halve this fiscal
04 Sep 2019
Binani Cement lenders vote in favour of UltraTech offer
29 May 2018
UltraTech’s acquisition of Binani Cement will be subject to the Supreme Court’s ruling against the 15 May order of the National Company Law Appellate Tribunal that allowed lenders to consider UltraTech’s revised offer
Century Textiles to hive off cement business, sell it to UltraTech
21 May 2018
Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held
NCLT orders Binani lenders to consider UltraTech offer
03 May 2018
The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders
UltraTech raises offer for Binani Cement to Rs7,990 cr
16 Apr 2018
Since lenders cannot accept the revised offer of Rs7,990 crore, although it is Rs1,290 crore more than Dalmia Bharat’s approved bid, operational creditors of Binani Cement are now seeking a forensic audit of the resolution process and a change of resolution professionals
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Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
