Plants reopen as Adani resolves freight rate dispute
Adani Cement has announced that ACC and Ambuja Cements will resume operations at two plants in Himachal Pradesh, India, after resolving issues over freight rates. According to R...
Adani Group
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Adani Group shares tumble amidst fraud claims
Gautam Adani, owner of the Adani Group , saw his fortune fall by US$20bn on Friday last week after investors withdrew from his companies amidst fraud claims made by a US investm...
ACC launches ACC ECOMaxX
ACC Ltd , the cement and building material company of Adani Cement and part of the Adani Group, is set to bring a new dimension to the building materials industry with the launc...
Ambuja Cements and ACC Ltd win sustainable waste award
ACC Ltd and Ambuja Cements , part of the Adani Group , have scooped the Platinum Award at the 12th International Conference & IPLA Global Forum 2022 in Sustainable Waste Managem...
Adani Group to refinance Ambuja Cements and ACC bridging loans
The Adani Group is reported to be in talks with several foreign banks to refinance US$3.5bn of bridging loans taken for the acquisition of Ambuja Cements Ltd and ACC Ltd this ye...
Ambuja Cements posts 68% decline in profit in 3QFY23
Ambuja Cements has posted a 68 per cent fall in standalone net profit in the 3QFY23 ended 30 September 2022. According to Mint, net profit for the three-month period came in at ...
Cement sector fuels Indian M&A record
Adani Group ’s acquisition of Ambuja Cements and ACC has contributed to a new record in merger and acquisition (M&A) activity in India. According to data by Refinitiv, the value...
ACC Ltd records cement volume growth of 4%
ACC Ltd (ACC) (Adani Group) has announced the financial results for the quarter ended 30 September 2022, recording a cement volume grew of four per cent as compared to the same ...
Adani in talks to acquire Jaiprakash cement unit
Adani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected to pay ...
Adani Group to invest US$848m in Rajasthan cement
India’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announcemen...