Nod for Ultratech’s acquisition of Kesoram unit
The Competition Commission of India (CCI) approved UltraTech’s acquisition of the cement business of Kesoram Industries. Kesoram also has businesses in rayon, transparent paper and chemicals, which are not part of this transaction. UltraTech said it would acquire Kesoram's cement business in an all-stock deal valued at `53.79 billion to bolster its hold in southern India. Kesoram currently operates two integrated cement units in Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 million metric tonnes per annum (MTPA), along with a 0.66 MTPA packin..
PM inaugurates Gati Shakti cargo terminal project of Ramco Cements
Prime Minister Narendra Modi virtually inaugurated the Gati Shakti Cargo Terminal project of Ramco Cements at Jayanthipuram village, Jaggaiahpet Mandal, NTR District, Andhra Pradesh. With the inauguration of the project, the company will be transporting crushed limestone from its mines in Budawada to its integrated cement plant in Jayanthipuram.
This project is the first of its kind in the country wherein a cement company will be transporting crushed limestone from its mines to the cement plant’s wagon unloading area through railway wagons using electric locomotives in an environmen..
Ramco Cements' flood relief measures in Thoothukudi district
Thoothukudi in South Tamil Nadu remains the worst-affected district by the floods caused by the unprecedented rains. Ramco Cements has stepped in to provide relief to the affected people. 2000 food packets were distributed to the people of Thoothukudi's Brian Nagar and Shanmugapuram. Rs 5 lakhs worth of relief material for over 500 families affected by the floods in Pudur Taluk and surrounding Panchayats was handed over to Vilathikulam MLA GV Markandeyan. The MLA thanked Ramco Cements for extending t..
JSW Cement Inaugurates Production Unit in Rajasthan
JSW Cement, a leading player in the cement industry, has marked a significant milestone with the inauguration of its latest production unit in Nagaur, Rajasthan. This state-of-the-art facility represents JSW Cement's strategic expansion into North India, enhancing its presence and catering to the growing demand for quality cement in the region.
The newly launched plant in Nagaur is equipped with cutting-edge technology and modern infrastructure, reflecting JSW Cement's commitment to innovation and sustainability. With an initial capacity of X million tonnes per annum, the plant is pois..
UltraTech Cement to Outperform Industry Expectations
UltraTech Cement, one of India's leading cement manufacturers, is poised to exceed industry growth projections in the fiscal year 2025 despite a backdrop of demand moderation. The company's Chief Financial Officer (CFO) remains optimistic about its performance, anticipating a substantial uptick in market share and financial gains.
In a recent statement, the CFO highlighted UltraTech's strategic positioning and operational resilience as key factors driving its anticipated success. Despite broader market challenges, including fluctuations in demand and supply dynamics, UltraTech Cement r..