A bid submitted by India’s UltraTech Cement to acquire Binani Cement has received approval from the National Company Law Appellate Tribunal (NCLAT).
A two-member bench of NCLAT, headed by Chairman Justice S J Mukhopadhaya, approved the company’s resolution plan and said that the plan submitted by Dalmia Bharat’s Rajputana Properties was “discriminatory” against some financial creditors, according to the Press Trust of India.

JK Lakshmi Cement targets double-digit revenue growth in FY25-26
Indian cement manufacturer JK Lakshmi Cement (JKLC), part of the JK Organisation, hopes to ac...