UltraTech Confirms India Cements Will Remain Listed Entity

30 Jul 2024 CW Team

UltraTech Cement has clarified that India Cements will remain a listed company on the stock exchanges, despite earlier speculations of a potential delisting. This reassurance comes amid industry rumours and market uncertainties concerning the future of India Cements.

The clarification from UltraTech is aimed at addressing concerns among investors and stakeholders about the stability and future of India Cements. The company emphasised that it has no plans to alter the listed status of India Cements, ensuring that it will continue to trade on public markets.

India Cements, a major player in the Indian cement industry, has been undergoing various strategic reviews and operational adjustments. The company?s decision to remain listed is seen as a commitment to maintaining transparency and accessibility for its shareholders and investors.

This move aligns with UltraTech?s broader strategy of consolidating its presence in the market and reinforcing its position within the industry. By keeping India Cements as a listed entity, UltraTech aims to uphold investor confidence and ensure that the company remains an active participant in the financial markets.

Investors and market analysts view this decision as a positive step, reinforcing the company's commitment to transparency and long-term growth. The continued listing of India Cements is expected to facilitate ongoing investor engagement and support the company?s strategic objectives in the evolving cement industry landscape.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..