UltraTech Cement, an Aditya Birla Group flagship, will purchase a 32.72 per cent stake in India Cements for ₹3,945 crore from the corporate’s promoters and its associates. The nation’s largest cement firm will make an open supply to India Cements shareholders at ₹390 a share after acquiring all regulatory approvals, mentioned the corporate in an … Read more
Core sectors producing the important thing beginning supplies for financial exercise are important indicators of an financial system’s glide path. The quantity of coal, oil, metal, cement, energy and others produced in a rustic is a sign of the downstream demand and bears considerably excessive multiplier impact as nicely. For fairly some time there was … Read more
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
BSE Sensex climbed 620.73 pts or 0.80 per cent to shut at 78,674.25 on Wednesday, and Nifty 50 was up 147.50 pts or 0.62 per cent to shut at 23,868.80. Commenting on nifty outlook, Shrikant Chouhan, Head Fairness Analysis, Kotak Securities, mentioned, “Technically, after muted opening market efficiently cleared the short-term resistance of 23750/78250 and put … Read more
UltraTech Cement, an Aditya Birla Group firm, will purchase a 1.1 million tonne each year grinding unit and captive railway siding at Parli in Maharashtra from India Cements for ₹315 crore. Each corporations have entered into an settlement to execute the transaction. The Board of Administrators of UltraTech Cement authorized the deal at its assembly … Read more
Cement firms have been hit laborious within the June 2022 quarter, with mixture income for listed gamers falling about 22 per cent yr on yr. Whereas fairly good quantity development and worth will increase helped mixture gross sales develop 24 per cent yr on yr, value pressures, particularly from rise in energy and gas prices, … Read more