Ambuja Cements to raise funds from Adani Group

11 Oct 2022 CW Team

All resolutions in Ambuja Cements' EGM, including those to raise Rs 200 billion from an Adani group company and appoint Gautam Adani and others to the board of directors, have been approved by shareholders.

With 91.37% of the vote, the Extraordinary General Meeting (EGM) approved the special resolution that sought to raise Rs 200 billion by issuing securities on a preferential basis to Harmonia Trade and Investment, a member of the Adani group.

The shareholders also adopted resolutions appointing four independent directors, two directors, and the chairman of the Adani Group, Gautam Adani, to the board of Ambuja Cements.

All special motions concerning the nomination of impartial directors, the revision of the Articles of Association (AoA), and the transfer of the company's registered office to Adani Corporate House in Ahmedabad were also passed by the shareholders.

Also read:
JSW Cement secures Rs 4 billion sustainability-linked loan
Swiss agency moots LC3 tech for cement industry

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..