Anjani Portland Cement to acquire stake in Bhavya Cements

28 May 2021 CW Team

Anjani Portland Cement has entered a share purchase agreement with Bhavya Cements and its promoters for a controlling stake in the equity shares capital of the company at a provisional cost of Rs 51.53 per share.

The purpose of the purchase is to develop the market appearance of the organisation with the joining of a new brand. The takeover would enhance the cement manufacturing potential under the control of the company considerably. With the acquisition, the south Indian cement market, which is the most fragmented in the country with additional capacities, saw another round of consolidation. Key players in the market are Ramco Cements, UltraTech Cements, Chettinad and India Cements.

Some other significant mergers and acquisitions in the south Indian cement market in recent years include JP Associates (5 million tonne (mt)) by UltraTech, BMM (1 mt) by Sagar Cements, Shree Jayajothi (3.2 mt) by My Home and Anjani Portland (1.2 mt) by Chettinad.

Shares of Anjani Portland Cement were last trading in Bombay Stock Exchange (BSE)at Rs 304.85 compared to the previous close of Rs 298.3. The total number of shares sold throughout the day was 97,776 in over 3,342 trades.

Bhavya Cements was founded in 2007, with an aim to produce and market ordinary portland cement, sulphate resisting portland cement, portland cement for the production of railway sleepers, sulphate resisting portland cement, and portland blast furnace slag cement for use in coastal regions. The organisation recorded a turnover of Rs 303.90 crore in FY2019-20.

Image Source

Also read: Cement demand to grow 4-7% in FY22: CARE

Also read: Cement demand may surpass 340 mt in FY22: ICRA

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..