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 Transport

07 Apr 2026

Tunnelling Begins for Thane–Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..