UltraTech Cement to Acquire Kesoram's Cement in a Rs 6.45 Bn Deal

30 Nov 2023 CW Team

In a notable development, UltraTech Cement has finalised a deal to acquire Kesoram Industries' cement business for ?6.45 billion. The acquisition reflects UltraTech Cement's strategic move to fortify its position in the highly competitive cement sector in India.

The Rs 6.45 billion deal encompasses the transfer of Kesoram's cement assets, contributing to UltraTech Cement's expansion plans and market consolidation. This move aligns with UltraTech's commitment to growth and signifies its proactive approach in navigating the dynamics of the cement industry.

The acquisition is expected to enhance UltraTech Cement's production capacity and geographical presence, positioning the company strategically to capitalise on market opportunities. It also reinforces UltraTech Cement's standing as a key player in the Indian cement sector.

The cement business acquisition comes at a time when the industry is marked by intense competition, and companies are exploring strategic initiatives to strengthen their market positions. UltraTech Cement's move to acquire Kesoram's cement assets underscores its focus on sustainable growth and value creation for stakeholders.

As the deal progresses, UltraTech Cement is poised to leverage the acquired assets to meet the escalating demand for cement in India's construction and infrastructure sectors. The acquisition is anticipated to contribute to UltraTech Cement's overall business objectives and enhance its ability to address the evolving needs of the market.

The strategic acquisition of Kesoram's cement business further solidifies UltraTech Cement's market leadership and underscores its commitment to innovation, expansion, and sustained success in the competitive landscape of the Indian cement industry.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..