Kesoram Industries' Cement Business Demerger

12 Jul 2024 CW Team

Kesoram Industries' plan to demerge its cement business into UltraTech Cement is expected to be completed by December, as reported by The Telegraph India. This strategic move aims to streamline operations and optimize efficiencies within the cement sector, enhancing market competitiveness and shareholder value.

The demerger process involves transferring Kesoram Industries' cement assets to UltraTech Cement, one of India's leading cement manufacturers. This consolidation is anticipated to strengthen UltraTech's market presence and production capabilities, enabling it to capitalize on growth opportunities in the cement industry.

By integrating Kesoram Industries' cement business, UltraTech Cement aims to achieve operational synergies and cost efficiencies, thereby improving profitability and sustainability in the long term. The merger is also expected to benefit stakeholders by enhancing product offerings and expanding market reach across India.

The completion of the demerger by December marks a significant milestone for both Kesoram Industries and UltraTech Cement, signaling their commitment to strategic growth and value creation in the cement sector. The move underscores their proactive approach to adapting to market dynamics and optimizing resources for sustainable business expansion.

Industry analysts and investors are closely monitoring the demerger process, anticipating its impact on the financial performance and market positioning of both companies. The transaction is expected to reshape the competitive landscape of the cement industry, potentially influencing future mergers and acquisitions within the sector.

Overall, the demerger of Kesoram Industries' cement business into UltraTech Cement reflects a strategic alignment aimed at maximizing operational efficiency, market leadership, and shareholder returns in the evolving Indian cement market.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..