cement

New Delhi, Leading cement maker UltraTech Cement on Wednesday announced the acquisition of additional 25 per cent stake in UAE-based RAKWCT, taking its total stake to 54.39 per cent.Subsequently, UAE-based RAK Cement Company for White Cement and Construction Materials PSC (RAKWCT) has become a...

In Kolkata, B K Birla group company Kesoram Industries on Tuesday said it remains committed to its loss-making subsidiary Cygnet Industries Ltd and will seriously engage in dialogue with its Japanese technical partner Futamura as a strategic investor following the demerger of its cement...

The incident occurred at Ultra Tech Cement Factory in Bodavada near Jaggayyapet when the boiler exploded.Seventeen workers from Bihar, Uttar Pradesh and Madhya Pradesh were injured in the blast and admitted to two hospitals in Vijayawada.One of the injured died during treatment. The...

NTR district (Andhra Pradesh): Around 15 workers suffered injuries, including five seriously, at a cement factory here on Sunday, a police officer said.Nandigama assistant police commissioner B Ravi Kiran said some of the extremely hot material used in cement manufacturing fell on them from...

New Delhi, The cement sector has witnessed a moderate growth of 2-3 per cent in the first quarter of the current fiscal year due to a slowdown in construction activity due to the Lok Sabha polls, according to a report by the Icra rating agency.However, overall volumes for fiscal 2024-25 are...

The government's focus on infrastructure projects, sanction of additional houses under Pradhan Mantri Awas Yojana (PMAY) and industrial capital expenditure are expected to significantly improve cement outflow volume in the second half of this fiscal year, according to the ICRA report.Capacity...

Jaipur, The Jaipur Heritage Municipal Corporation has successfully converted single-use plastic seized during its various campaigns into a lucrative enterprise by reusing it and selling it to cement manufacturing plants.The civic body has taken the initiative to reuse and sell thousands of...

The market outlook will be guided by key domestic and global economic data such as domestic vehicle sales figures by automobile companies, US and Indian PMI data, Fed Chairmen's speech, any budget or government policy-related announcements, foreign fund inflows, and crude oil prices. Prices...

New Delhi: Growth of eight core infrastructure sectors rose 6.3 per cent in May due to healthy expansion in coal, natural gas and power generation, according to official data released on Friday.The production of eight sectors increased by 6.7 percent in April.The growth of these core sectors...

By Shailesh YadavNew Delhi [India], June 28: The Ministry of Labor and Employment successfully averted 50 major nationwide strikes through conciliation processes involving workers, representatives and employers at the central level, resulting in significant savings of days -man. This...

New Delhi: Adani group-owned Ambuja Cements on Thursday said its board of directors approved the merger of Adani Cementation, which is now a subsidiary of Adani Enterprises.After approval of Adani Cementation Plan of Merger, following regulatory and shareholder approval, it would become a...

New Delhi, Market capitalization of BSE-listed companies hit an all-time high of Rs 438.41 lakh crore on Thursday, boosted by a record rally in stocks where the Sensex crossed the all-time mark of 79,000 for the first time .Recovering for the fourth consecutive day, the 30-share BSE Sensex...

New Delhi: The country's top cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in rival India Cements Ltd, based in Chennai, for over Rs 1,900 crore in two tranches.As part of the transaction, UltraTech Cement acquired 6,02,48,983 shares of India Cements, amounting to...

New Delhi: Shares of India Cements Ltd jumped over 11 per cent on Thursday after major cement maker UltraTech Cement said it will acquire about 23 per cent stake in the Chennai-based firm for up to Rs 1,885 crore.The stock rose 13.70 per cent to hit a 52-week high of Rs 299 during the day on...

New Delhi: The country's top cement maker UltraTech on Thursday said it will acquire a 23 per cent stake in rival India Cements Ltd, based in Chennai, in a deal estimated at around Rs 1,885 crore.As part of the transaction, UltraTech Cement will acquire 7.06 crore shares of India Cements at a...

New Delhi: Shares of India Cements Ltd rose nearly 14 per cent on Thursday morning after major cement maker UltraTech Cement said it will acquire about 23 per cent stake in the Chennai-based firm for up to Rs 1,885 crore.The stock rose 13.70 per cent to hit a 52-week high of Rs 299 on the BSE...

New Delhi, Leading cement maker UltraTech Cement on Thursday said it will acquire about 23 per cent stake in Chennai-based India Cements Ltd for up to Rs 1,885 crore.A regulatory filing by UltraTech Cement said the company's board of directors at its meeting held on Thursday approved "making...

Mumbai (Maharashtra) [India], The Board of Directors of UltraTech Cement Limited, at its meeting held on Thursday, approved financial investment to acquire 7.06 crore equity shares in The India Cements Limited (ICL).The move aims to secure approximately 23 per cent of the equity share capital...

New Delhi: Ravi Sanghi, promoter of Adani group company Ambuja Cements and Sanghi Industries, will sell 3.52 per cent stake in the Saurashtra-based cement maker.The offer-for-sale (OFS) will open for non-retail investors on Wednesday and for retail investors on Thursday, Sanghi Industries said...

New Delhi: Shree Cement, India's third largest cement maker, on Monday announced achieving 1,000 MW of installed power capacity with the commissioning of 19.5 MW solar power plant at its Andhra Pradesh unit."The one gigawatt (GW) capacity comprises a mix of solar, wind, thermal and waste heat...