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1.PCIL to open packaging unit in Maharashtra

Penna Cement Industries (PCIL), the cement manufacturer with a strong presence in South and North India, has now entered the western region with the launch of its cement products in Maharashtra.


2.Penna Cement's limestone mining leases cancelled

Media reports say that the Andhra Pradesh government on November 6 cancelled the limestone mining leases granted to Penna Cement Industries, saying the company had failed to execute them.


3.Penna mining leases cancelled

The Andhra Pradesh Government has cancelled the limestone mining leases granted to Penna Cement Industries, citing the company┬┤s failure in executing it as a reason. The company holds mining leases, over 1,105.975 hectare and is in excess of 10 sq km limit prescribed under Section 6 (1)(b) of the Mines & Mineral (D&R) Act, 1957.


4.Penna Cement files Rs.15.5 bn IPO

Penna Cement Industries has filed an IPO with capital markets regulator SEBI to raise Rs 15.5 bn. The IPO reportedly comprises fresh issuance of shares worth more than Rs 13 bn.


5.Penna Cement plans Rs.13 bn share sale

Penna Cement Industries is planning to raise Rs 13 bn through an IPO and will file its draft offer documents with the markets regulator in about two months.


6.Penna Cements to launch new terminal at Kochi port

Penna Cements will soon start functioning at its new terminal at Cochin Port in Kerala. The 0.8 mn tonne (mt) per year unit, at Ernakulam, consists of a bagging plant, and close to $9 mn has been invested for it.


7.The Hyderabad-based company gets Sebi nod for Rs 15.50 billion IPO

Hyderabad-based Penna Cement has received an approval from Sebi to proceed with its Rs 15.50 billion IPO.


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