Ultratech Cement Cleared for Kesoram Acquisition

22 Mar 2024 CW Team

Ultratech Cement, one of India's leading cement producers, has received clearance from the Competition Commission of India (CCI) for its proposed acquisition of Kesoram Cement. This significant development marks a crucial step forward in Ultratech's expansion strategy within the cement industry.

The acquisition deal, which has been in the works for some time, underscores Ultratech's commitment to strengthening its market presence and enhancing its portfolio. By integrating Kesoram Cement's assets, Ultratech aims to bolster its production capacity and further consolidate its position as a key player in the cement sector.

With the CCI's approval secured, Ultratech Cement can now proceed with the acquisition process, positioning the company for accelerated growth and increased competitiveness in the market. The move aligns with Ultratech's long-term vision of sustainable expansion and value creation for its stakeholders.

Kesoram Cement, a subsidiary of Kesoram Industries Ltd, operates cement manufacturing units in key locations across India. The acquisition presents Ultratech with an opportunity to leverage Kesoram Cement's established infrastructure and market presence to drive operational efficiencies and capture emerging opportunities in the sector.

This strategic move by Ultratech Cement reflects the dynamic nature of the Indian cement industry, where companies continually seek to strengthen their foothold and capitalise on evolving market trends. By integrating Kesoram Cement's operations, Ultratech is poised to enhance its product offerings and better serve the diverse needs of its customers.

In conclusion, Ultratech Cement's successful clearance from the CCI to acquire Kesoram Cement underscores the company's strategic vision and commitment to growth. With this milestone achieved, Ultratech is primed to unlock new avenues for value creation and reinforce its leadership position in the Indian cement market.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..