cement industry
GST Cut May Shift Cement Market Towards Premium Players, Says Nomura
India’s cement market is bracing for a major shift as the GST Council meets on September 3–4 to decide on reducing the tax...
JSW Cement to Trim IPO Size to $415 Million; Targets Early August Launch at $2.3 Billion Valuation
The JSW Cement IPO, which is among the most sought-after by investors, is expected to open to the market in early August, probably...
Shree Cement’s Raipur Lab Gets NABL Nod, Boosts Global Credibility
Shree Cement and its Acquisition of International Credibility through NABL Accreditation of the Raipur Lab for Good Luck Fortune. For those who do...
NCLT Clears Merger of Adani Cementation with Ambuja Cements, Effective from April 2024
Sanction has been granted by the National Company Law Tribunal against a historical merger scheme for the Adani Group toward the consolidation of...
Mangalam Cement Shares Rise as Firm Wins Rajasthan Mining Bid; Promoter Stake Grows
Shares of Mangalam Cement Ltd edged up 1.91% to ₹762.20 on Tuesday after the company was declared as the Preferred Bidder for a...
CCI Seeks Financial and Tax Records from Cement Majors in ONGC Bid Rigging Probe
The Competition Commission of India has asked UltraTech, Dalmia Cement, Shree Digvijay, and Sunrise Enterprises to submit financial and tax records in a...
UltraTech Cement Adds 1.8 MTPA Capacity with New Maihar Mill, Total Now at 192 MTPA
Augmenting its colossal grey cement capacity, but almost 1.8 million tonnes per annum (MTPA) of its domestic grey cement brings to focus UltraTech...
India’s Core Sector Growth Slows to 9-Month Low at 0.7% in May
It was first reported by the Commerce Ministry on Tuesday; that India’s eight core infrastructure sectors grew only by 0.7% in May, which...
Nuvoco Vistas Acquires Vadraj Cement for ₹1,800 Cr, Expands Capacity by 20%
Nuvoco Vistas Corp, the cement arm of the Nirma Group, has completed the ₹1,800 crore acquisition of Vadraj Cement, a debt-laden Gujarat-based company...
Adani’s Ambuja Cement Powers 30% of India’s Homes, Eyes 140 MTPA by FY28
Flagship cement business of Adani Group, Ambuja Cements, now supplies almost 30% of the cement utilized for housing and infrastructure in India, as...
