UltraTech Cement Adjusts Offer for 25% Stake in UAE's RAKWCT
Cement

UltraTech Cement Adjusts Offer for 25% Stake in UAE's RAKWCT

UltraTech Cement has revised its proposal to acquire a 25% stake in RAKWCT, a prominent cement company based in the UAE. This adjustment underscores UltraTech's strategic efforts to expand its footprint in international markets and strengthen its presence in the Middle East's construction sector.

The revised offer reflects UltraTech's commitment to pursuing opportunities for growth and diversification beyond domestic markets. RAKWCT, known for its robust presence in the UAE's construction industry, presents an attractive partnership opportunity for UltraTech Cement, aiming to leverage synergies and enhance operational capabilities in the region.

The proposed acquisition is part of UltraTech's broader strategy to bolster its global market position and capitalise on emerging opportunities in the Middle East. By acquiring a significant stake in RAKWCT, UltraTech aims to tap into the region's infrastructure development projects and cement demand, aligning with its long-term growth objectives.

The revised bid signals UltraTech's proactive approach to navigating competitive landscapes and capitalising on strategic investments in high-growth markets. Pending regulatory approvals and stakeholder consent, the acquisition is poised to strengthen UltraTech's market leadership and contribute positively to its business expansion initiatives.

UltraTech Cement remains optimistic about the potential benefits of the acquisition, emphasising its strategic significance in reinforcing market presence and driving sustainable growth in the international cement industry.

UltraTech Cement has revised its proposal to acquire a 25% stake in RAKWCT, a prominent cement company based in the UAE. This adjustment underscores UltraTech's strategic efforts to expand its footprint in international markets and strengthen its presence in the Middle East's construction sector. The revised offer reflects UltraTech's commitment to pursuing opportunities for growth and diversification beyond domestic markets. RAKWCT, known for its robust presence in the UAE's construction industry, presents an attractive partnership opportunity for UltraTech Cement, aiming to leverage synergies and enhance operational capabilities in the region. The proposed acquisition is part of UltraTech's broader strategy to bolster its global market position and capitalise on emerging opportunities in the Middle East. By acquiring a significant stake in RAKWCT, UltraTech aims to tap into the region's infrastructure development projects and cement demand, aligning with its long-term growth objectives. The revised bid signals UltraTech's proactive approach to navigating competitive landscapes and capitalising on strategic investments in high-growth markets. Pending regulatory approvals and stakeholder consent, the acquisition is poised to strengthen UltraTech's market leadership and contribute positively to its business expansion initiatives. UltraTech Cement remains optimistic about the potential benefits of the acquisition, emphasising its strategic significance in reinforcing market presence and driving sustainable growth in the international cement industry.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?