Adani's backed business aids Ambuja Cements raise Rs 50 billion
Cement

Adani's backed business aids Ambuja Cements raise Rs 50 billion

The Finance Committee of Directors gave Ambuja Cements clearance for the preferential issuing of warrants worth more than Rs 50 billion to Adani Group-backed company, Harmonia Trade and Investment through private placement. By giving Harmonia warrants, Ambuja will be better equipped to take advantage of the market's expansion.

Ambuja Cements announced last month that each warrant will be convertible into or exchanged for 1 fully paid-up Ambuja Cements equity share in cash aggregating up to Rs 200 billion, which may be exercised in one or more tranches during the period starting from the date of the warrants' allocation until the expiration of 18 months.

Also read:
Shree Cement appoints new MD for a five-year term
JSW Cement plans to invest in greenfield plants in MP and UP

The Finance Committee of Directors gave Ambuja Cements clearance for the preferential issuing of warrants worth more than Rs 50 billion to Adani Group-backed company, Harmonia Trade and Investment through private placement. By giving Harmonia warrants, Ambuja will be better equipped to take advantage of the market's expansion. Ambuja Cements announced last month that each warrant will be convertible into or exchanged for 1 fully paid-up Ambuja Cements equity share in cash aggregating up to Rs 200 billion, which may be exercised in one or more tranches during the period starting from the date of the warrants' allocation until the expiration of 18 months. Also read: Shree Cement appoints new MD for a five-year term JSW Cement plans to invest in greenfield plants in MP and UP

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?