Dalmia Cement (Bharat) partners with Jharkhand Govt

Nod for Ultratech’s acquisition of Kesoram unit

The Competition Commission of India (CCI) approved UltraTech’s acquisition of the cement business of Kesoram Industries. Kesoram also has businesses in rayon, transparent paper and chemicals, which are not part of this transaction. UltraTech said it would acquire Kesoram's cement business in an all-stock deal valued at `53.79 billion to  bolster its hold in southern India. Kesoram currently operates two integrated cement units in Sedam (Karnataka) and Basantnagar (Telangana) with a total installed capacity of 10.75 million metric tonnes per annum (MTPA), along with a 0.66 MTPA packin..

Dalmia Cement Appoints Puneet Yadu Dalmia as MD & CEO

Dalmia Cement Bharat, a prominent player in the construction industry, has recently announced the appointment of Puneet Yadu Dalmia as its Managing Director and Chief Executive Officer. This strategic move signals a significant development in the company's leadership, setting the stage for innovative growth and dynamic transformations. Puneet Yadu Dalmia brings a wealth of experience and expertise to his new role, with a proven track record in steering companies towards success in the competitive business landscape. His vision and leadership are poised to drive Dalmia Cement Bharat to new heig..

Dalmia Bharat executes definitive agreements to acquire cement assets

According to an earlier announcement, Dalmia Bharat has executed definitive agreements with debt-ridden Jaiprakash Associates (JAL) to acquire the latter's cement assets. Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat, signed definitive agreements with JAL to acquire the JP Super Cement Plant in Uttar Pradesh for Rs 1,500 crore plus costs and expenses of up to Rs 190 crore. 

According to a regulatory update from Dalmia Bharat Ltd (DBL), this will be subject to various clearances and approvals related to the JP Super plant and mines. Furthermore, it is condit..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Jaishankar Highlights Mumbai-Ahmedabad Bullet Train Benefits

india's vision of a modern and interconnected transportation network. Foreign Minister S Jaishankar has emphasised the significant benefits of the Mumbai-Ahmedabad bullet train project, citing its potential to revolutionise transportation and boost economic growth. Speaking on the project, Jaishankar highlighted its role in enhancing connectivity, fostering economic development, and strengthening bilateral ties with Japan.

The Mumbai-Ahmedabad bullet train project, a flagship infrastructure initiative between India and Japan, aims to reduce travel time between the two cities from hour..