Now, JK Cement launches its own Grey Cement business in Bihar

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..

JK Cement Completes Toshali Cement Acquisition

JK Cement has successfully finalised the acquisition of Toshali Cement in Odisha, marking a significant milestone in its expansion strategy. The completion of this acquisition strengthens JK Cement's presence in the cement industry and aligns with its commitment to growth and market consolidation.

The successful conclusion of the acquisition process emphasises JK Cement's strategic vision and its focus on enhancing market share through inorganic growth. The addition of Toshali Cement's assets and operations in Odisha is expected to contribute to JK Cement's overall production capacity a..

JK Cement reports sevenfold surge in Q3 net profit to Rs 2.83 billion

JK Cement reported a substantial sevenfold surge in consolidated net profit, reaching Rs 2.8381 billion for the December quarter. According to a regulatory filing, the company had recorded a profit of Rs 371.5 million in the corresponding period of the previous year.

In the same quarter, the revenue from operations witnessed a notable increase of 20.47%, reaching Rs 29.3483 billion compared to Rs 24.3609 billion in the previous year.

Total expenses for JK Cement climbed by 7.5% in the third quarter of the ongoing fiscal year, totalling Rs 25.6429 billion.

The company..

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..