UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

22 Apr 2024

Aditya Birla group company UltraTech Cement is acquiring a 1.1 million tonne grinding unit from India Cements for Rs315 crore. The acquisition of the grinding unit will add 3 million tonnes cement manufacturing capacity to UltraTech in Maharashtra - including 1.2 million tonnes at Parli and 1.8 million tonnes at Dhule.

India’s core sector output expands by 6.7% in February

01 Apr 2024

Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.

Grasim to issue rights shares at Rs1,812 each to raise Rs4,000 cr

05 Jan 2024

Grasim Industries Limited, the flagship company of the Aditya Birla Group, has come out with a rights issue to raise about Rs4,000 crore.

Gautam Adani: Over 90% of Adani Group cement is made from fly ash and slag recycling

07 Dec 2023

Gautam Adani, the Chairman of Adani Group, has emphasized the substantial progress made by the conglomerate’s cement arm in its journey towards sustainability.

UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal

01 Dec 2023

UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.

Adani to infuse Rs20,000 cr into Ambuja Cements via preferential issue

28 Sep 2022

Ultratech Cement to invest Rs12,886 cr to expand capacity by 22.6 million tonnes

14 Jun 2022

Adani seals $10.5 bn deal for Holcim’s cements business in India

16 May 2022

Adani Group acquired 63.19 per cent of Holcim’s two cement units in India Ambuja Cements Ltd and its subsidiary ACC in fierce bidding with local rivals

Holcim in share purchase talks with Adani, JSW groups for Ambuja Cements, ACC: report

12 May 2022

Holcim weighs sale of cement business in India: report

15 Apr 2022

Holcim Group, which has recently been selling off its non-core assets, in order to reduce debt and diversify through acquisitions, sold off its Brazilian unit for $1 billion in September last year, and is reported to be in talks to divest its business in Zimbabwe

Best ways to cut carbon emissions from the cement industry explored

20 May 2021

A new Imperial report identifies alternative materials and carbon capture technologies as critical in decarbonising the cement industry

Gadkari warns cement, steel makers against cartelisation

18 Jan 2021

Calcutta HC removes squatter Lodha from MP Birla Group

21 Sep 2020

While Madhav Prasad and Priyamvada had no children, the extended Birla family expected charitable trusts to inherit the estate, but to their surprise, a few days after Priyamvada’s death, Lodha showed up with a will allegedly written by her in 1999

Nirma to acquire Emami Cement in Rs5,500-cr deal

07 Feb 2020

Cement demand growth set to halve this fiscal

04 Sep 2019

SC dismisses Dalmia Bharat appeal on NCLAT’s UltraTech order

19 Nov 2018

NCLAT approves UltraTech’s revised Rs7,900-cr bid for Binani Cement

15 Nov 2018

Cement-less fly ash binder makes concrete 'green'

20 Jun 2018

Binani Cement lenders vote in favour of UltraTech offer

29 May 2018

UltraTech’s acquisition of Binani Cement will be subject to the Supreme Court’s ruling against the 15 May order of the National Company Law Appellate Tribunal that allowed lenders to consider UltraTech’s revised offer

Century Textiles to hive off cement business, sell it to UltraTech

21 May 2018

Aditya Birla Group firm UltraTech will acquire the cement business of BK Birla Group company Century Textiles and Industries through a share swap deal in which shareholders of Century Textiles will get one equity share of UltraTech for every eight equity shares held

Appellate tribunal refuses to stay NCLT order in Binani Cement case

05 May 2018

NCLT orders Binani lenders to consider UltraTech offer

03 May 2018

The tribunal pointed out that while the UltraTech offer was not legally binding, nothing prevented the CoC from accepting a superior bid from UltraTech, which offered Rs1,022 crore more to the lenders

UltraTech raises offer for Binani Cement to Rs7,990 cr

16 Apr 2018

Since lenders cannot accept the revised offer of Rs7,990 crore, although it is Rs1,290 crore more than Dalmia Bharat’s approved bid, operational creditors of Binani Cement are now seeking a forensic audit of the resolution process and a change of resolution professionals

SC rejects out-of-court settlement of Binani Cement bankruptcy case

13 Apr 2018

Dalmia moves CVC for Binani Cement as lenders back Ultratech

10 Apr 2018