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

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..