capacity

ISLAMABAD [Pakistan], The National Electric Power Regulatory Authority (NEPRA) on Friday announced a substantial increase of about 20 per cent in the uniform national tariff, aimed at securing funding of about PKR 3.8 trillion for 10 ex-Wapda power distribution companies. . Disco) during the...

New Delhi: Adani Group, the country's second-largest cement maker, on Friday said it is focusing on brownfield expansion while acquisition opportunities like Penna Cement will help it reach 140 MTPA target capacity.The company, owned by billionaire Gautam Adani, on Thursday announced the...

New Delhi [India], Soon after Ambuja Cements announced the acquisition of Penna Cement, brokerage firm MK Global Financial Services maintained its 'buy' recommendation on the Adani Group-owned cement maker.“Given the strong growth/capex plans, pan-India presence and strong balance sheet, we...

Jefferies has 'buy' rating on Ambuja Cements shares, giving it a target price of Rs 735 per share.Shares of Ambuja Cements rose by more than 2 percent to Rs 679 in morning trade on Friday.According to Jefferies, the historic acquisition of Penna Cement will boost Adani Group's position as a...

Ahmedabad (Gujarat) [India], The acquisition of Penna Cement will expand Ambuja Cements' presence in India, particularly in South India, while also opening up markets in neighboring Sri Lanka, the Adani Group cement company said on the rationale behind the acquisition. Said in a presentation...

New Delhi [India], Shiv Sena leader Milind Deora on Thursday wrote to Civil Aviation Minister Ram Mohan Naidu Kinjarpu about the near-miss incident at Mumbai airport, where an IndiGo plane landed while an Air India flight took off on the same runway. Was filling. ,Deora, in his letter to...

New Delhi [India], Ambuja Cement, the cement and construction materials company of Adani Cement and part of the diversified Adani Group, on Thursday announced that it has signed a binding agreement to acquire Penna Cement Industries Limited (PCIL) in a venture . Value of Rs 10,422 crore.As per...

Ambuja Cements will acquire 100 per cent stake from Hyderabad-based PCIL promoter group P. Pratap Reddy & Family.The acquisition, financed from internal accruals, will improve Adani Cement's market share by 2 per cent across India and 8 per cent in South India.Ajay Kapoor, CEO and Whole-time...

New Delhi: Billionaire Gautam Adani-led Adani Group on Thursday said it will acquire Hyderabad-based Penna Cement for an enterprise value of Rs 10,422 crore, increasing the annual capacity of the country's second-largest cement maker by 14 million tonnes.The deal will increase Adani's market...

New Delhi: Adani Group company Ambuja Cements on Thursday announced the acquisition of Penna Cement Industries Limited (PCIL) for an enterprise value of Rs 10,422 crore.A binding agreement has been signed for the acquisition, which will increase Adani Group's capacity by 14 MTPA, taking the...

Jaipur, Former Rajasthan Chief Minister Ashok Gehlot on Thursday said his government has decided to create new districts to increase administrative capacity and improve service delivery.He said that the new BJP government in the state has decided to review the formation of new districts by...

The two-day meetings bring together representatives from 105 countries to discuss the critical issues facing the global energy transition.Over the next two days, IRENA members will focus on realizing decarbonization and sustainable development goals, strengthening partnerships with private...

New Delhi: The top five domestic cement makers could increase their market share to 55 per cent by March 2025 through organic and inorganic expansion, leading to further consolidation, a report by rating agency ICRA has said.It said that due to the possibility of good demand, big companies...

New Delhi: India will need an investment of US$190-215 billion to achieve its target of 500 gigawatt (GW) of renewable energy capacity by 2030, Moody's Ratings said on Wednesday.India's infrastructure companies will spend on energy transformation to meet demand as a result of the country's...

Mumbai, Deluxe Recycling on Wednesday announced the inauguration of its new facility in Gujarat, following its plan to recycle over 2,00,000 tonnes of used beverage cartons (UBC) and multilayer plastics by 2030.The new recycling plant in Sarigam (Gujarat) will double the company's recycling...

Capacity expansion, inorganic growth, refinancing and working capital needs, as well as shareholder payouts, will keep capital requirements high for non-financial corporates in India, according to the Moody's report.Vikash Halan said, "Although India's domestic liquidity and internal cash...

New Delhi [India], The International Energy Agency (IEA) has released its latest medium-term oil market outlook, which examines how India's participation in the global oil market could change between now and 2030. The report examines energy transition patterns that may affect oil demand in...

New Delhi, Bluepine Energy on Tuesday said it has signed an agreement with Dalmia Cement (India) for about 47 MW solar power project in Karnataka.The solar plant is expected to generate approximately 93.75 million units (MU) of electricity annually and offset more than 85 thousand tonnes of...

New Delhi, Secretary in the Ministry of External Affairs Muktesh Pardeshi represented India at a high-level conference in Amman, Jordan on the immediate humanitarian response to Gaza, during which he highlighted New Delhi's ongoing humanitarian, capacity building and developmental efforts...

According to the report, due to new entrants, competition among key players for market share has increased and marketing expenses are likely to impact the profitability of companies.A major portion of the capacity expansion, about 2.4 BLPA, is expected to be commissioned in the current...