ADIA provides Rs 81.36 billion first closure to Kotak Investment Advisors

Ludhiana Unveils New C&D Waste Plant in Dhandhari

The Ludhiana Municipal Corporation is set to commission its long awaited Construction and Demolition (C&D) Waste Plant at Dhandhari, marking a major stride in sustainable waste management for the city. Initially conceived under the Smart City Mission, the project was later transferred to the Swachh Bharat Mission after design changes and rising costs.Estimated at Rs 26.9 million when first proposed, the scheme grew more complex once the chosen site proved to be an active dumpsite, requiring extensive trash removal and the erection of structural pillars. The contract was finally awarded..

Icra Sees 80–85 MT Cement Capacity Boost in Two Years

India’s cement industry is poised for its biggest expansion in years, with new capacity of 80–85 million metric tonnes (MT) scheduled over the next two financial years, a report by Icra shows. Production is forecast to reach 480–485 MT in FY2026—an increase of 6–7 per cent year on year—after climbing 6.3 per cent to 453 MT in FY2025, thanks to solid demand from housing and government led infrastructure projects.Icra expects 40–42 MT of fresh capacity to come on line in FY2026, up from 31 MT in FY2025. The eastern region will lead the way, adding about 14–1..

UltraTech Adds 1.8 Million Tonne Mill at Maihar Plant

UltraTech Cement Ltd, India’s largest cement maker, has commissioned its second cement grinding mill at the Maihar complex in Madhya Pradesh, adding 1.8 million tonnes per annum to production. The company said the start up aligns with its continuing expansion programme announced earlier this year.The first Maihar mill came on stream in March 2025. With the new line, UltraTech’s domestic grey cement capacity rises to 186.86 million tonnes per annum (mtpa); including overseas operations, total capacity reaches 192.26 mtpa.Financially, UltraTech recorded EBITDA of about Rs 46.18..