Mangalam Cement grows 5.3% after promoter buys stake in company

01 Apr 2022 CW Team

Mangalam Cement increased 5.3% in early trade on Thursday after the company's promoter Vidula Consultancy Services bought 2.26 lakh equity shares of the firm through open market transactions.

Following the development, Vidula Consultancy’s shareholding in the firm reached 9.92% from 9.1% earlier. The cement player’s counter increased to a high of Rs 399.20 compared to Rs 379.05 at the previous close on the National Stock Exchange (NSE).

The firm registered a net profit of Rs 14.0930 crore for the period ended December 31, 2021, compared to a net profit of Rs 32.7050 crore for the period ended December 31, 2020. Mangalam Cement recorded earnings per share of Rs.5.12 for the period ended December 31, 2021, as against Rs 11.89 for the period ended December 31, 2020. As per the reports, Mangalam Cement recorded total revenue of Rs 1133.8065 crores during the nine months ended December 31, 2021, as against Rs 911.6649 crores during the nine months ended December 31, 2020.

In January 2022, Managalam Cement’s board sanctioned the allotment of 8,03,518 fully paid-up equity shares of Mangalam Cement of the face value of Rs 10 each to eligible shareholders of Mangalam Timber Products in a share exchange ratio of 1:22.

Image Source

Also read: An overview of The 7th Indian Cement Review Conference & Awards 2021

Infrastructure Urban

17 Sep 2025

ICMM CEO Rohitesh Dhawan Visits Hindustan Zinc

Hindustan Zinc, India’s only and the world’s largest integrated zinc producer, hosted Rohitesh Dhawan, President & CEO of the International Council on Mining and Metals (ICMM), at its flagship Sindesar Khurd Mine (SKM) in Rajasthan. The visit follows Hindustan Zinc’s induction as the first Indian company into ICMM, marking a significant milestone for India’s mining sector on the global sustainability stage.Dhawan, accompanied by run Misra, CEO of Hindustan Zinc, and the senior leadership team, toured Sindesar Khurd Mine – the world’s fourth-largest silver-producing mine – to ..

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..