UltraTech Cement?s Open Offer for ICL Set to Begin

13 Aug 2024 CW Team

UltraTech Cement's open offer to acquire shares of ICL (Indian Cement Limited) is scheduled to commence on September 19. This move is part of UltraTech?s strategy to expand its market presence and strengthen its position in the cement industry.

Key Details:

Open Offer Launch: UltraTech Cement?s open offer for ICL will begin on September 19, 2024. The offer allows UltraTech to acquire a significant stake in ICL.

Acquisition Strategy: The acquisition is aimed at consolidating UltraTech?s position in the cement sector and enhancing its market share through strategic growth.

Market Expansion: By acquiring ICL, UltraTech Cement plans to expand its operations and increase its capacity, which aligns with its long-term growth objectives.

Investment Implications: The open offer represents a significant investment in the cement sector, reflecting UltraTech?s commitment to strengthening its market presence and leveraging synergies from the acquisition.

Future Prospects: The successful completion of the offer is expected to bolster UltraTech?s competitive position and contribute to its strategic goals of scaling up production and expanding market reach.

Overall, UltraTech Cement?s open offer for ICL marks a key development in the company?s expansion strategy, highlighting its efforts to enhance its footprint in the cement industry.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..