Ultratech

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

Ultratech – Kesoram acquisition: What’s in it for shareholders?

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Ultratech Cement, the biggest cement producer in India, continues to be in a consolidation mode. Put up market hours on November 30, the corporate introduced a share buy settlement to accumulate the cements enterprise of Kesoram Industries, in a 1:52 share swap ratio (no-cash transaction). The transaction would add a complete cement capability of 10.75 … Read more