The board of UltraTech Cement, owned by the Aditya Birla Group, has approved the acquisition of a 32.72% equity stake from the promoters and their associates in India Cements. UltraTech had previously invested in India Cements to buy a 22.77% stake at Rs 268 per share in June 2024.
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WhatsApp: +86 18221755073India Cement Market Analysis. The India Cement Market size is estimated at 413.95 million Tons in 2024, and is expected to reach 602.68 million Tons by 2030, growing at a CAGR of 6.46% during the forecast period (2024-2030). …
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WhatsApp: +86 18221755073India Cements has a total capacity of 14.45 mtpa of grey cement. Of this, 12.95 mtpa is in the South (particularly Tamil Nadu) and 1.5 mtpa is in Rajasthan. The transaction is subject to ...
WhatsApp: +86 18221755073India Cement Industry Overview 4.1.1. Cement Production (FY 2020-FY 2027E) 4.1.2. Cement Consumption (FY 2020-FY 2027E) 4.1.3. Current Market Scenario 4.1.4. …
WhatsApp: +86 18221755073UltraTech Cement board approves 32.72% acquisition of India Cements As per the release, UltraTech will pay ₹ 3,954 crore at ₹ 390/share to buy 32.72 per cent stake in India Cements from the ...
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WhatsApp: +86 18221755073PE/VC investments in real estate and infrastructure witnessed a sharp growth of 27%, at US$ 13.7 billion in December 2022 as compared to US$ 10.7 billion in December 2021. India's export of panel cement, clinkers, and asbestos …
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WhatsApp: +86 18221755073high potential for growth.Cre. it: GSK919 / Shutterstock.Cement demand in India fell by 10% year-on- year in the 2021 financial year (FY2021) due to the Covid-19 pandemic, with demand …
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WhatsApp: +86 18221755073The India Cement Market is expected to reach 413.95 million Tons in 2024 and grow at a CAGR of 6.46% to reach 602.68 million Tons by 2030. Adani Group, Dalmia Bharat Limited, Nuvoco Vistas Corp Ltd., Shree Cement Limited and UltraTech Cement Ltd. are the major companies operating in the market.
WhatsApp: +86 18221755073-- The India Cements has agreed to sell its grinding unit with an installed capacity of 1.1 MTPA, at Parli Vaijnath in Maharashtra, India to UltraTech Cement for 3.15 billion Indian rupees,...
WhatsApp: +86 18221755073India is the 2nd largest producer of cement in the world. The Indian Cement Industry comprises of 125 large cement plants with an installed capacity of 148.28 million tonnes and more than 300 mini cement plants with an estimated …
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WhatsApp: +86 18221755073TIMELINE-Major deals in India's cement sector since Adani Group's entry in 2022. Dealmaking in India's cement sector has intensified. Adani Group is reportedly in talks to buy Heidelberg Materials' local operations for about $1.2 billion.
WhatsApp: +86 18221755073Adani Group lays bricks to buy Heidelberg's India cement unit. The Adani Group, India's second-biggest cement maker, had entered the sector by acquiring Holcim's India operations in 2022. As with Holcim, Adani intends to move …
WhatsApp: +86 18221755073The company, which will be taken over by cement major UltraTech, posted a profit after tax of Rs 57.5 crore in the quarter ended June 30, 2024. End of Article FOLLOW US ON SOCIAL MEDIA
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WhatsApp: +86 18221755073Cement capacity in India expected to cross half a billion tonne this year. Top cement companies may grow earnings by 15-25% in March quarter. Concrete. Cortec named key player in concrete admixture market. Japan Considers Response to Steel Imports. India's Steel Production to …
WhatsApp: +86 18221755073UltraTech Cement's planned acquisition of a 23% stake in India Cements Limited (ICL) by July 2024 for cash of about ₹1,900 crore is 'neutral' for its credit metrics, says Fitch Ratings in a note. The global brokerage house expects UltraTech's EBITDA net leverage to remain below 1.0x over the next few years, factoring in the acquisition.
WhatsApp: +86 18221755073Partha Dash, Managing Director, Moglix, discusses how India's cement industry, a key player in the country's construction growth, is at a critical juncture as it faces the challenge of balancing expansion with sustainable …
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