Adani family infuses Rs 8,339 cr in Ambuja Cements, raising stake to 70.3%
Ahmedabad: The Adani family, headed by billionaire Gautam Adani, announced on Wednesday that they have injected Rs 8,339 crore as the main shareholders into their cement subsidiary Ambuja Cements Ltd. by fully participating in the company's warrants program.
Ambuja Cements to acquire 1.5 MTPA grinding unit at Tamil Nadu’s Tuticorin for Rs 413.75 cr
Ahmedabad: Adani Group-owned cement and building material company Ambuja Cements signed a definitive agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tamil Nadu’s Tuticorin.
Adani family injects Rs 6,661 cr in Ambuja Cement
Mumbai: The Adani family has injected Rs 6,661 crore into Ambuja Cement, elevating its stake in the company to 66.7%.
Ambuja Cements to invest Rs 1,000 cr in Jharkhand
New Delhi: Ambuja Cements, a part of the Adani Group, on Wednesday announced its intention to invest Rs 1,000 crore in setting up a cement grinding unit in the Godda district of Jharkhand.
Ambuja Cement Q3FY24 net profit soars 123% YoY to Rs 1090 cr
Mumbai: Ambuja Cement, owned by Gautam Adani, reported a 123 percent increase in consolidated net profit for the December quarter, reaching Rs 1,089.55 crore compared to Rs 487.88 crore the previous year. This surge was attributed to price hikes and strong demand for building materials.
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.
Adani Group completes stake purchase in Sanghi Industries Ltd
Mumbai: Adani Group-owned Ambuja Cements completed the acquisition of Sanghi Industries Ltd (SIL) at a revised offer price of Rs 121.90 per share, ET reported.
Adani Group's Ambuja Cements acquires Sanghi Industries for Rs 5,000 cr
Mumbai: Adani Group-owned Ambuja Cements Ltd (ACL) has acquired Sanghi Industries Ltd (SIL) at an enterprise value of Rs 5,000 crore, the company said in a press release on Thursday.
Bharathi Cement opens first-of-its-kind fully-automated Cement Terminal in Coimbatore
Coimbatore: Bharathi Cement, a group company of VICAT France, inaugurated its 0.75 MTPA bulk cement terminal in Coimbatore on Monday (Oct 10) to serve the major market of Tamil Nadu and Kerala.
After takeover, Adani Group announces infusion of Rs 20,000 cr in Ambuja Cements
Mumbai: The Adani Group completed the acquisition of Ambuja Cement and its listed subsidiary ACC on Friday, becoming India's largest conglomerate by market capitalisation and also announced a record preferential issue of stocks.
Significant rise in import of Venezuelan petcoke by Indian cement companies: Report
The cement manufacturers in India are importing petroleum coke from Venezuela in significant amounts as they look for cheaper energy alternatives amid skyrocketing coal prices across the globe.
Dalmia Bharat, FLSmidth partner to develop more sustainability solutions
Copenhagen: Dalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat Limited, one of India’s leading cement manufacturers, and FLSmidth & Co. A/S, engineering, equipment, and service solutions to the global mining and cement industries, have signed an MoU to collaborate in the research and development of disruptive solutions for next-generation cement manufacturing.
Mumbai/IBNS: Union Minister for Road Transport and Highways Nitin Gadkari's assurance to to look into the demands of creating a Regulatory Authority for Steel and Cement, recommended by Builders' Association of India, has been welcomed by Ketan Sengupta, CEO of Bengal Peerless Housing Development Company and Saket Agarwal, Director, Micky Metals Ltd.