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Gautam Adani’s son to oversee the family’s cement business

Seeks to integrate the two cement companies for $10.5 billion


Adani acquires Holcim's stake in Ambuja Cements and ACC

The Adani Family, through an offshore special purpose vehicle, has announced that it has entered into definitive agreements for the acquisition of Holcim's entire stake in two of India's leading cement companies – Ambuja Cements and ACC.


ArcelorMittal intends to acquire Holcim's stake at over $10 bn

Holcim owns 63%, 50.02% stakes in Ambuja Cement, ACC, respectively


Adani Enterprises enters cement market, forms Adani Cement

Adani has entered the cement business in India under the name of Adani Cement


Outlook for cement is "sanguine": CARE Ratings

The overall impact of budget proposals on industry has been positive. However while reviewing the construction sector and cement specifically, the impact is more pronounced. CARE rating agency has come out with a report on how the turnaround is going to happen in 2021-22.


Outlook for cement is "sanguine": CARE Ratings

The overall impact of budget proposals on industry has been positive. However while reviewing the construction sector and cement specifically, the impact is more pronounced. CARE rating agency has come out with a report on how the turnaround is going to happen in 2021-22.


JK Cement estimates 50% YoY drop in sales of white cement

JK Cement’s capital and financial resources are expected to remain entirely protected in spite of the adverse impact on its sales due to the COVID-19 lockdown. Lower sales would impact the profitability of the company in the current financial year.


A merger could be a very good opportunity...

In an exclusive interview with CW, Parth Jindal speaks on the group’s strategy and operating model, growth plans going forward, and more...


Grasim net profit up by 51 per cent

Grasim Industries has reported 51 per cent increase in consolidated net profit in the September quarter at Rs 846 crore due to higher viscose staple fibre output and better realisation in cement business.


Emami eyes pan-India cement footprint in five to seven years

Emami group plans to have a national footprint for its cement business in the next five to seven years by setting up plants in Rajasthan and Karnataka. Emami Cement, a group company, is in the process of setting up a plant at Panagarh in West Bengal with a capacity of 2 mpta at a cost of Rs 500 cror..


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