Ambuja Cements' Acquisition: Tuticorin Grinding Unit

17 Apr 2024 CW Team

Ambuja Cements has announced its acquisition of a 1.5 million metric tonnes per annum (MTPA) grinding unit in Tuticorin for Rs 4.13 billion. This strategic move underscores Ambuja's commitment to expanding its presence in the cement market and strengthening its production capacity.

The acquisition of the Tuticorin grinding unit aligns with Ambuja Cements' growth strategy, enabling the company to enhance its operational efficiency and meet the growing demand for cement in the southern region of India. By adding this grinding unit to its portfolio, Ambuja Cements aims to bolster its position as a leading player in the Indian cement industry.

The Tuticorin grinding unit acquisition presents significant opportunities for Ambuja Cements to optimise its supply chain, improve cost efficiencies, and capitalise on synergies within its manufacturing network. Additionally, the strategic location of the Tuticorin unit provides access to key markets, facilitating the distribution of Ambuja's products and strengthening its market presence.

Ambuja Cements' investment in the Tuticorin grinding unit reflects its confidence in the long-term growth prospects of the cement sector in India. With increasing infrastructure development and urbanisation driving demand for cement, the acquisition positions Ambuja Cements to capitalise on emerging opportunities and drive sustainable growth.

Overall, the acquisition of the Tuticorin grinding unit reaffirms Ambuja Cements' commitment to expanding its footprint and delivering value to its stakeholders. As the company integrates the new unit into its operations, it is poised to enhance its competitiveness and contribute to the development of India's infrastructure landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..