Ambuja Cements continues with southward March
Consolidation within the cement business continues, with Adani-owned Ambuja Cements saying a 100 per cent acquisition of Hyderabad-based Penna Cements Industries Restricted (PCIL) for an Enterprise worth of ₹10,422 crore. With an operational and to be commercialised capability of 14 million tonnes each year (mtpa), the PCIL deal is valued at $89 per tonne, which … Read more