UltraTech Cement: additional 25% stake in UAE-based RAKWCT

11 Jul 2024 CW Team

UltraTech Cement announced on Wednesday that it had acquired an additional 25 % stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT), increasing its total holding to 54.39 %. According to a regulatory filing from UltraTech Cement, RAKWCT has now become a subsidiary of UCMEIL, its step-down firm. The acquisition was conducted by UltraTech Cement Middle East Investments Ltd. (UCMEIL), a wholly-owned subsidiary of the Indian cement maker in the UAE. "The offer period was from May 28, 2024, to July 24, 2024, during which UCMEIL acquired 12.50 crore shares, representing 25 percent of the share capital of RAKWCT," stated the Aditya Birla Group firm. Following the shareholders' meeting of RAKWCT held on July 10, 2024, the final allotment of shares in the name of UCMEIL was confirmed on July 10, 2024. "Together with the existing shareholding in RAKWCT, UCMEIL's aggregate shareholding in RAKWCT has increased to 54.39 percent," it added. Consequently, RAKWCT has been designated as a subsidiary of UCMEIL, effective July 10, 2024. Previously, on May 27, UltraTech announced its intention to acquire a 31.6 percent stake in RAKWCT and acquire 15.80 crore shares. However, the Aditya Birla Group firm later revised its offer to 25 percent. RAKWCT, incorporated in September 1980, reported a turnover of Rs 482.5 crore in CY21, according to the announcement. UltraTech Cement boasts a consolidated capacity of 154.7 million tonnes per annum (MTPA) of grey cement, with 24 integrated manufacturing units, 33 grinding units, one clinkerization unit, and 8 bulk packaging terminals.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..