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  1. Buy Penna Cement to help reach 140 MTPA target capacity; Focus on brownfield expansion: Adani Group

    Buy Penna Cement to help reach 140 MTPA target capacity; Focus on brownfield expansion: Adani Group

    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...
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    • acquisition adani ambuja capacity cement deal expansion group help india kapoor market mtpa penna southern
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  2. Shares of Ambuja Cements closed nearly 2 percent higher; Market valuation increased by Rs 3,115.85 crore

    Shares of Ambuja Cements closed nearly 2 percent higher; Market valuation increased by Rs 3,115.85 crore

    New Delhi: Shares of Ambuja Cements rose nearly 2 per cent to hit a 52-week high on Friday after the company announced the acquisition of Penna Cement Industries Ltd at an enterprise value of Rs 10,422 crore.The stock jumped 3.86 per cent to hit a 52-week high of Rs 690 during the day on the...
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    • 52-week acquisition adani ambuja announced cement cements cent company group high industries penna rose shares
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  3. MK maintains 'Buy' recommendation on Ambuja Cements after Penna Cement acquisition

    MK maintains 'Buy' recommendation on Ambuja Cements after Penna Cement acquisition

    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...
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    • acquisition adani ambuja announced brokerage capacity cement cements improve market mtpa penna share shares transaction
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  4. Ambuja Cements shares jumped nearly 4 percent

    Ambuja Cements shares jumped nearly 4 percent

    New Delhi: Shares of Ambuja Cements rose nearly 4 per cent to hit 52-week high on Friday after the company announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore.The stock jumped 3.86 per cent to hit a 52-week high of Rs 690 on the BSE.On...
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    • 52-week acquisition adani ambuja announced cement cements cent company group high industries penna rose shares
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  5. Acquisition of Penna Cement to expand pan India presence, enter Sri Lanka: Ambuja Cements

    Acquisition of Penna Cement to expand pan India presence, enter Sri Lanka: Ambuja Cements

    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...
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    • acquisition adani ambuja capacity cement cements construction enterprise jodhpur krishnapatnam million mtpa penna tonnes transaction
    • Category: Business & Economy
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