| Date | Title | Description |
| 08.11.2024 | India Cements’ Q2 loss widens on falling cement prices despite eased cost pressures | India Cements, which was recently acquired by UltraTech Cement Ltd, India’s largest cement producer, reported a sharp increase in its net loss to ₹240 crore for the quarter ended September 30, 2024, compared to a net loss of ₹81 crore in th... |
| 24.09.2024 | Cementing Futures: India Cements and the Microfinance Dilemma | In the bustling world of Indian business, two stories emerge: one of consolidation and ambition, the other of caution and concern. India Cements is at a crossroads, while microfinance institutions (MFIs) face a storm. Both narratives reflec... |
| 23.09.2024 | India Cements’ management addresses UltraTech merger speculation & cost-reduction measures | Rupa Gurunath, Whole-Time Director of India Cements, chaired the company’s 78th Annual General Meeting (AGM) on Monday, addressing shareholder queries about a potential merger with UltraTech Cement.
On July 28, 2024, India Cements’ promoter... |
| 14.08.2024 | UltraTech Cement to hit 200 mtpa capacity by FY27, says Kumar Mangalam Birla | UltraTech Cement, an Aditya Birla Group company, expects its capacity to surpass 200 million tonne per annum (mtpa) after getting the approval for its latest acquisitions and completion of ongoing projects by FY27.
Kumar Mangalam Birla, Cha... |
| 31.07.2024 | UltraTech Cement: Navigating Stormy Waters in the Cement Industry | UltraTech Cement stands at a crossroads. As India’s largest cement manufacturer, it faces a turbulent market landscape. Recent reports indicate that the company anticipates another quarter of stunted growth. This comes as no surprise, given... |
| 31.07.2024 | The Cement Chronicles: A New Era for UltraTech and India Cements | In the bustling world of construction, where giants clash and fortunes shift, a seismic event has just unfolded. N. Srinivasan, a titan of the Indian cement industry, has sold his stake in India Cements Limited (ICL) to UltraTech Cement. Th... |
| 30.07.2024 | UltraTech Cement: Pioneering a Green Revolution in the Cement Industry | In a world grappling with climate change, UltraTech Cement is making waves. The company has committed to a bold vision: achieving 100% renewable energy by 2050. This isn't just a corporate strategy; it's a lifeline for the planet. As the la... |
| 30.07.2024 | Cementing Power: The Race for Dominance in India's Cement Industry | The Indian cement industry is in a state of flux. Major players are jockeying for position, and the stakes are high. The Adani Group and UltraTech Cement are at the forefront of this battle, each eyeing significant acquisitions to bolster t... |
| 30.07.2024 | Cementing the Future: Adani and UltraTech's Bold Moves in India's Construction Landscape | In the bustling world of India's construction industry, two giants are making waves. Adani Group and UltraTech Cement are not just players; they are architects of change. Their recent maneuvers signal a seismic shift in the cement sector, a... |
| 30.07.2024 | UltraTech Cement's Bold Move: A Strategic Acquisition in the South | In a landscape where giants clash, UltraTech Cement has made a significant play. The Aditya Birla Group's flagship company is set to acquire a 32.72% stake in India Cements for ₹3,945 crore (approximately $472 million). This move is not jus... |
| 30.07.2024 | UltraTech Confirms India Cements Will Remain Listed Entity
The Value of a Brand
China Evergrande's EV Arm Faces Bankruptcy
Musk to Discuss $5 Billion XAI Investment | Cement UltraTech Confirms India Cements Will Remain Listed Entity
30 Jul 2024 2 Min Read CW Team
UltraTech Cement has clarified that India Cements will remain a listed company on the stock exchanges, despite earlier speculations of a potent... |
| 30.07.2024 | India Cements MD Assures Staff Amidst Industry Challenges
HPCL Seeks LNG Deals, Terminal Launch
Indian Oil Q1 FY25 Net Profit Falls
Adani Energy Sets QIP Floor Price | Cement India Cements MD Assures Staff Amidst Industry Challenges
30 Jul 2024 2 Min Read CW Team
In light of recent industry shifts and market uncertainties, the Managing Director of India Cements, N. Srinivasan, has reassured the company's ... |
| 29.07.2024 | N. Srinivasan Sells ICL Stake to UltraTech, Cementing Legacy
The Value of a Brand
China Evergrande's EV Arm Faces Bankruptcy
Musk to Discuss $5 Billion XAI Investment | Cement N. Srinivasan Sells ICL Stake to UltraTech, Cementing Legacy
29 Jul 2024 2 Min Read CW Team
N. Srinivasan, a prominent figure in the Indian cement industry, has divested his stake in India Cements Limited (ICL) to UltraTech Cement, a... |
| 29.07.2024 | UltraTech board approves $472 mn deal to take control of India Cements | Credit: Reuters
UltraTech Cement, India's number one cement maker, said its board on Sunday approved a $472 million deal to gain control of India Cements, which will bolster its position in the country's southern states.
The deal comes as t... |
| 29.07.2024 | UltraTech Board Approves 32.72% Stake Purchase in India Cements
The Value of a Brand
China Evergrande's EV Arm Faces Bankruptcy
Musk to Discuss $5 Billion XAI Investment | Cement UltraTech Board Approves 32.72% Stake Purchase in India Cements
29 Jul 2024 2 Min Read CW Team
UltraTech Cement?s board of directors has approved a significant acquisition, purchasing a 32.72% stake in India Cements. This strategic m... |
| 28.07.2024 | UltraTech acquires 32.7% stake in India Cements for ₹3,945 crore | UltraTech Cement, an Aditya Birla Group flagship, will acquire a 32.72 per cent stake in India Cements for ₹3,945 crore from the company’s promoters and its associates.
The country’s largest cement company will make an open offer to India C... |
| 25.07.2024 | Adani to acquire Jaypee cement assets of over 9 mtpa
India to reach 300 MT by 2030 in steel production; Deloitte & ISA
300,000 people left jobless in 10 years post-closing of 49,000 MSMEs
MNRE to ... | ECONOMY & POLICY Adani to acquire Jaypee cement assets of over 9 mtpa
25 Jul 2024 4 Min Read CW Team
The Adani Group, India's second-largest cement maker with ACC and Ambuja Cement under its umbrella, is strategising to acquire Jaypee G... |
| 23.07.2024 | India's UltraTech Cement expects another quarter of slow growth
India's Fuel Consumption Rises 2.6% in June with ATF, Petrol Surge
RIL and BPCL Anticipate Recovery in Product Cracks After Tough Q1
ONG... | Cement India's UltraTech Cement expects another quarter of slow growth
23 Jul 2024 2 Min Read CW Team
UltraTech Cement, India's No.1 cement maker, reported first-quarter earnings below estimates on Friday, hurt by soft demand and muted pric... |
| 19.07.2024 | UltraTech Cement net profit up a tad at ₹1,695 crore in Q1 | UltraTech Cement, an Aditya Birla Group company, reported that its net profit in the June quarter was flat at ₹1,695 crore against ₹1,690 crore logged in the same period last year, on the back of lower realisation.
Also read: UltraTech to r... |
| 02.07.2024 | Consolidation Wave Sweeps Indian Cement Industry
Vedanta Aluminium wins accolades for environment and energy excellence
IREDA loan surges to Rs 91.36 billion in April-June
India, Australia to Enhance ... | Cement Consolidation Wave Sweeps Indian Cement Industry
02 Jul 2024 2 Min Read CW Team
In a significant move towards consolidation, UltraTech Cement has secured a substantial 23% non-controlling stake in Chennai-based India Cements for Rs 1... |
| 28.06.2024 | 23% stake in India Cements acquired by UltraTech
Vedanta Aluminium wins accolades for environment and energy excellence
IREDA loan surges to Rs 91.36 billion in April-June
India, Australia to Enhance ... | Cement 23% stake in India Cements acquired by UltraTech
28 Jun 2024 3 Min Read CW Team
In an increasing struggle for control over capacities in the highly regionalized and freight-intensive cement industry, UltraTech Cement has purchased a ... |
| 28.06.2024 | UltraTech acquires 23% stake in India Cements to compete with Adani
Vedanta Aluminium wins accolades for environment and energy excellence
IREDA loan surges to Rs 91.36 billion in April-June
India, Au... | Cement UltraTech acquires 23% stake in India Cements to compete with Adani
28 Jun 2024 2 Min Read CW Team
UltraTech Cement, led by Kumar Mangalam Birla, is purchasing a 23% stake in Chennai-based India Cements to counter the Adani Group's e... |
| 27.06.2024 | UltraTech Cement buys 23% stake in India Cements for ₹1,885 crore | The Ultratech board has approved making a financial investment to purchase up to 7.06 crores equity shares of The India Cements Ltd at a price of up to ₹267 per share. This non-controlling financial investment constitutes around 23 per cent... |
| 22.05.2024 | India Cements Plans Land Sale to Boost Cash Flow
Reliance, Nel Partner for Hydrogen Electrolysers
GE T&D India Sees 112% Surge in FY24 Order Bookings
Indian PM2.5's Oxidative Potential Far Exceeds... | Cement India Cements Plans Land Sale to Boost Cash Flow
22 May 2024 1 Min Read CW Team
India Cements has announced its intention to sell surplus land as part of a strategic initiative to bolster cash flow. This decision aims to optimise ass... |
| 20.05.2024 | India Cements consolidated Q4 net loss declines 79% | India Cements has reported net loss of ₹50 crore for the January-March quarter of 2023-24; this is 79 per cent lower than the net loss of ₹243.77 crore the company reported for the same period of the previous year.
For the full year 2023-24... |
| 20.05.2024 | India Cements' Q4 results: Loss shrinks to Rs 50.06 cr on improved sales | - |
| 23.04.2024 | UltraTech Cement Expands, Acquires Grinding Unit from India Cements | Cement UltraTech Cement Expands, Acquires Grinding Unit from India Cements
23 Apr 2024 2 Min Read CW Team
UltraTech Cement, a leading player in the Indian cement industry, has announced its expansion plans with the acquisition of a grinding... |
| 22.04.2024 | Adani Group's Cement Empire Expansion | Adani Group's Cement Empire Expansion 22 Apr 2024 Adani Group, a powerhouse in the business world, is setting its sights on dominating the Indian cement market with a bold target of capturing a 20% share by fiscal year 2028. This ambitious ... |
| 22.04.2024 | Adani Group Aims for 20% Cement Market Share by FY28 | Cement Adani Group Aims for 20% Cement Market Share by FY28
22 Apr 2024 2 Min Read CW Team
The Adani Group has set ambitious targets to capture a 20% share of the Indian cement market by fiscal year 2028. This strategic objective underscore... |
| 21.04.2024 | UltraTech Cement buys grinding unit from India Cements, announces expansion | - |
| 20.04.2024 | UltraTech to acquire India Cements' 1.1 mtpa grinding unit for Rs 315 cr | - |
| 20.04.2024 | UltraTech Cement to acquire India Cements’ Maharashtra asset for ₹315 crore | UltraTech Cement, an Aditya Birla Group company, will acquire a 1.1 million tonne per annum grinding unit and captive railway siding at Parli in Maharashtra from India Cements for ₹315 crore.
Both companies have entered into an agreement to... |
| 19.12.2023 | Ambuja Cements Plans Rs 60 Bn Investment for 1,000 MW Renewable Power Production | ECONOMY & POLICY Ambuja Cements Plans Rs 60 Bn Investment for 1,000 MW Renewable Power Production
19 Dec 2023 CW Team
Ambuja Cements has unveiled ambitious plans to invest Rs 60 billion in the production of 1,000 megawatts (MW) of renew... |
| 05.12.2023 | Ambuja Cements completes acquisition of Sanghi Industries at Rs 5,185 crore | Ambuja Cements on Tuesday said it has completed the acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 5,185 crore. This is higher than the earlier expected value of Rs 5,000 crore.
As part of the deal's completion... |
| 14.06.2023 | Renishaw’s AM system helps Domin reduce CO2 emissions and meet growing demand | UK-based engineering firm Renishaw has supplied its RenAM 500Q AM system to Domin, a fluid power systems manufacturer.
Domin aims to develop and produce a range of highly competitive servo-proportional hydraulic valves. Its objective is to ... |
| 28.11.2022 | Formnext 2022 sets the stage for high-performance, more sustainable material solutions by ARKEMA | French chemical and materials company Arkema launched two new high-performance custom formulations to extend its range for UV-curing at Formnext 2022.
N3D-HITEMP062, a hybrid high-temperature material with toughness, and N3D-CAST063, a high... |
| 08.10.2022 | Inching close . Ambuja Cements gets shareholders' nod to raise ₹20,000 cr from Adani group | Ambuja Cements Ltd on Saturday said it has received shareholders' approval for all proposals in its EGM, including a resolution to raise ₹20,000 crore from an Adani group firm and appointment of Gautam Adani and others on the board of the c... |
