Star Cement Refutes Reports of Acquisition Talks with Adani Group

05 Dec 2024 CW Team

Star Cement denied reports suggesting that Ambuja Cement, part of the Adani Group, was exploring the acquisition of Star Cement to boost its presence in the North East. The company called these claims speculative and confirmed that no such discussions are currently taking place. In a stock exchange filing, Star Cement stated, “In reference to the news item published by ‘Money Control,’ we clarify that the aforementioned news is speculative, and the company is not involved in any related discussions.” The company reiterated its dedication to regulatory compliance, noting, “We have consistently made and will continue to make disclosures in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.” Earlier, MoneyControl reported that Ambuja Cement was considering an acquisition of Star Cement as part of its strategy to expand in the North East, where Star Cement has a notable market share. This clarification comes as merger and acquisition activities in India’s cement industry face increased scrutiny, spurred by the Adani Group’s growing interest in bolstering its position in the sector. (ET)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..