Ambuja Cements to acquire 1.5 MTPA grinding plant in Tamil Nadu for ₹414 cr
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
The acquisition of My Home Group's cement unit in Tuticorin will take Adani Group’s total cement capacity to 78.9 MTPA.
UltraTech Cement says it will invest ₹32,400 crore towards ongoing capex over the next three years.
This is the second deal in two days after the Aditya Birla Group company acquired 0.54 mtpa cement grinding assets of Burnpur Cement for ₹169.79 crore on November 29.
The Aditya Birla Group company proposes to increase its cement capacity by another 21.9 MTPA with a mix of brown field and green field projects.
Ultratech's revenue from operations stood at ₹16,012.13 crore, up 15% YoY as against ₹13,892.69 crore in the corresponding period of the previous year.
In the September quarter, the company’s revenue from operations stood at ₹3,149 crore, up 6% year-on-year (YoY) as against ₹2,971 crore in the same period last year
K.C. Jhanwar focused on innovation, digitisation, and long-term cash flows to help India’s largest cement manufacturer tide over market downturns.
Adani Group-owned cement maker will acquire 56.74% shares of Sanghi Industries from its existing promoters.
The revenue from operations of Ambuja Cement increased by 8.4% year-on-year to ₹8,713 crore in the June quarter as against ₹8,033 crore in the same period last year.
On Monday, ACC shares surged 4.1% to touch an intraday high of ₹2,030 on the BSE, while the market capitalisation increased to ₹37,980 crore.