Ambuja, ACC cement operations shut down at Darlaghat, Gagal

19 Dec 2022 CW Team

Due to huge financial losses caused by poor cement dispatch from the twin plants of ACC at Gagal and Ambuja Cements at Darlaghat, the management has decided to close their operations as of tomorrow. The Adani group recently took over the two plants. According to a notice issued today, the management stated that due to rising operational costs, including transportation and raw material costs, as well as current market conditions, cement transportation has been drastically reduced. This has resulted in poor cement dispatch, reducing the company's market share. The company was suffering from massive financial losses.

Given these circumstances, management has been forced to immediately halt operations at its two plants and all related activities. All employees have been instructed not to report to work until further instructions are issued later this evening.
Hundreds of people work in the two plants.

Also read:
Invenire Energy to invest $500 mn in Andhra CBM block
Sweden likely to invest 150,000 million in UP

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..