Penna Cements

India Cements: What ought to traders do put up the Ultratech stake purchase?

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India Cements is within the information just lately as trade chief UltraTech Cement has made a monetary funding within the firm by buying 23 per cent of the stake. India Cements as an organization has confronted risky operations final two years owing to liquidity constraints and has initiated a course correction plan for FY25-26. At … Read more

Ambuja Cements continues with southward March

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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