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

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..