UltraTech Cement to Acquire Wonder WallCare for Rs 2.35 Bn

07 Apr 2025 CW Team

UltraTech Cement Ltd, the flagship company of the Aditya Birla Group, announced on Thursday, 3 April, that its board of directors has approved the acquisition of 100 per cent equity in Wonder WallCare at an enterprise value of up to Rs 2.35 billion. A Share Purchase Agreement has been signed with the existing shareholders of Wonder WallCare.

The transaction, which remains subject to regulatory approvals and compliance, is expected to be completed within 90 days. As part of the deal, UltraTech will acquire 6.42 crore equity shares of Rs 10 each—aligning with the company’s broader strategy to expand its white cement and wall putty business.

This acquisition grants UltraTech access to a newly built, state-of-the-art manufacturing facility with a capacity of 6 lakh metric tonnes per annum for wall putty and related products. The plant, located at Rajsamand – Nathdwara in Rajasthan, is situated at the pithead of high-quality raw material reserves and is in proximity to UltraTech’s existing putty manufacturing units.

Constructed during 2022–23, the Rajsamand facility ranks among the largest single-location putty manufacturing plants in India, with scope for further capacity expansion. The acquisition will significantly enhance UltraTech’s production capabilities in value-added products, helping it gain a stronger foothold in India’s competitive and fragmented wall putty market.

Shares of UltraTech Cement ended at Rs11,583.65 on the BSE, up Rs 328.25 or 2.92 per cent.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..