JSW Cement eyes Heidelberg Materials' Indian unit acquisition

03 Oct 2023 CW Team

JSW Cement, the building-materials division of the prominent Indian steelmaker JSW Group, is reportedly in the early stages of negotiations with German cement company Heidelberg Materials to acquire its cement businesses in India, which produce 13.4 million tonnes annually. Discussions between JSW Cement and Heidelberg Materials commenced after JSW Group made an unsolicited offer to purchase Heidelberg's local entities, primarily operating in peninsular India. The building materials industry in India, the world's second-largest cement market in terms of capacity and consumption, is highly regional and heavily reliant on freight. In the context of mergers and acquisitions, the valuation of enterprises is often influenced by their proximity to the end-consumption market and their profitability. Reports suggest that another global cement manufacturer might exit the Indian market soon, following Holcim Group's departure in 2022. In the competitive bidding for Ambuja Cements and ACC, both previously owned by Holcim Group, the Adani Group emerged as the successful bidder. JSW Group also participated in this bidding process.

Infrastructure Urban

23 Oct 2025

PM GatiShakti Reviews Major Road, Rail and Metro Plans

The Network Planning Group (NPG) under the PM GatiShakti initiative has evaluated multiple infrastructure projects spanning road, rail, and metro systems. The review covered two highway projects by the Ministry of Road Transport and Highways (MoRTH), two railway proposals by the Ministry of Railways, and one metro project under the Ministry of Housing and Urban Affairs (MoHUA). According to the Ministry of Commerce and Industry, the projects were assessed for alignment with PM GatiShakti’s principles of integrated multimodal connectivity, last-mile linkage to economic and social hubs, and t..

MahaRERA Fast-Tracks 809 Project Approvals Ahead of Diwali

As Diwali 2025 approaches, the Maharashtra Real Estate Regulatory Authority (MahaRERA) is expediting approvals for new housing projects to ensure compliance with legal, technical, and financial standards before launch. The festive season, especially Dussehra and Diwali, traditionally marks a peak period for real estate launches as developers seek to capitalise on auspicious timings and heightened buyer sentiment. This year, MahaRERA has taken a proactive approach to facilitate timely project approvals ahead of the celebrations. A total of 809 project applications were approved recently, cover..

HFCL Bags Rs 2.8 Billion Export Order for Fibre Cables

Telecom equipment manufacturer HFCL has secured an export order worth USD 32.02 million (around Rs 2.8 billion) for the supply of optical fibre cables to an international client. In a regulatory filing, the company stated that the order was received through its wholly owned overseas subsidiary and is scheduled for execution by December 2026. The contract entails the supply of optical fibre cables customised to the client’s specifications, underscoring HFCL’s strong manufacturing expertise and technological capability in the global telecom infrastructure space. This order further strengt..