Top Cement Firms to Spend Rs 305 Billion in FY26
Despite subdued private capital expenditure, India’s nine leading cement manufacturers are set to invest a combined Rs 305 billion in FY26, banking on a surge in demand led by increased government infrastructure spending.UltraTech Cement, part of the Aditya Birla Group, and Adani Group’s Ambuja Cement and ACC, each plan capital investments of Rs 90 billion, topping the industry’s capex chart. Dalmia Bharat and Shree Cement are expected to invest Rs 35 billion and Rs 30 billion, respectively.UltraTech, India’s largest cement producer, added 44 million tonnes per annum (MTPA) in capacity..
NIIF Transfers Rs 41.9 Billion Road Assets to Cube InvIT
The National Investment and Infrastructure Fund (NIIF) has successfully transferred ownership of two operational annuity-based road projects to Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors Pvt. Ltd. The deal marks a strategic shift of approximately Rs 41.9 billion (including cash), subject to final closing adjustments, further strengthening Cube InvIT’s high-quality infrastructure portfolio.The two road assets—Quazigund Expressway Pvt. Ltd. (QB) and Athaang Jammu Udhampur Highway Pvt. Ltd. (JU)—cover nearly 80 kilometres in Jammu and Kashmir. QB includes one o..
DRA-Siemens JV Wins Rs 41.4 Billion Bullet Train Contract
A consortium of Dineshchandra R Agrawal Infracon (DRA Infra) and Germany-based Siemens has secured a Letter of Acceptance (LoA) from the National High Speed Rail Corporation Ltd (NHSRCL) to implement the signalling and telecommunication system under Package MAHSR-S-1 of the Mumbai–Ahmedabad bullet train project.The contract, valued at Rs 41.4 billion, entails end-to-end design, manufacturing, supply, installation, system integration, testing, commissioning, and comprehensive maintenance of the high-speed rail’s signalling and train control systems, telecommunication infrastructure, and ope..
Latest Updates
