cement industry
Ambuja Cements Takes Over 37.8% Shareholding in Orient Cement, Becomes Promoter
Ambuja Cements, which is owned by the Adani Group, has finalized its takeout of a 37.8% shareholding in Orient Cement Ltd (OCL), becoming...
Cement Industry Sees 7.5% Growth This Year on Infra Drive and Rural Housing Demand
India’s cement demand is projected to grow 6.5-7.5% in FY26, driven by increased infrastructure spending, rural housing push, and higher budget allocations under...
Cement Prices Plunge in South India, But Rebound Expected in Q1
South Indian cement prices fell sharply at a glance in March and at a bigger pinch than other regions owing to year-end volume pressures...
JK Lakshmi Cement Faces ₹45.6 Crore Tax Demand, Plans to Appeal
JK Lakshmi Cement Ltd, on the other hand, has got ₹45.6 crore tax demand from the Income Tax Authority for the AY 2022-23. The...
Small and Mid-Sized Cement Firms Struggle as Market Giants Tighten Grip
There is a widening disparity in India’s cement industry between market leaders and their smaller brethren. Though larger players such as UltraTech and Ambuja...
UltraTech Cement Expands its Presence in the South by Acquiring a New Plant in Karur
UltraTech Cement announces the expansion of grinding capacity at its Karur facility in Tamil Nadu further bolstering its reach across South India. The firm...
Ramco Cements targets Rs 1,200 cr capex in FY26, posts robust Asset
Monetisation of Rs 1,000 cr that is on line with what it had indicated earlier for capex for FY25. Also, the company has...
JK Cement Partners with Saifco Cements to Expand its Market Presence in Northern India
JK Cement Ltd, an India major cement producer, signed a joint venture with Saifco Cements Pvt. Ltd., the largest cement brand in the...
UltraTech’s Strategy for India Cements Turnaround in 12 Months
UltraTech Cement Ltd. is taking decisive steps to drive a turnaround for India Cements Ltd. (ICL) within the next 12 months. It recently...
UltraTech Cement Beats Street Estimates Despite Margins Squeeze
UltraTech rose by 6.81% as investors welcomed the outcomes on Thursday, making it close ₹11,422.70 at BSE. A steep decline in margin was...
