UltraTech
UltraTech has posted a 19 per cent YoY increase in its net sales in 3QFY19 with consolidated sales coming in at INR92,580m (US$1.29bn), compared to INR77,790m in 3QFY18. Over th...
Binani Cement
27 posts · Page 1 of 3
Binani Cement changes name following acquisition
Binani Cement has announced that it will be changing its name to UltraTech Nathdwara Cement Ltd, following the company’s acquisition by UltraTech on 20 November. UltraTech Cemen...
Dalmia Bharat looks to expand into northern India
India’s Dalmia Bharat has reportedly secured mining rights near Chittorgarh, Rajasthan, and could be planning to construct a 4Mta plant over two phases in the area, according to...
Dalmia Bharat Group to challenge NCLAT ruling
Dalmia Cement (Bharat) Ltd has petitioned the Supreme Court, challenging the appellate tribunal's ruling to support UltraTech's plan for Binani Cement over the latter's acquisit...
UltraTech's bid for Binani approved by NCLAT
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,...
UltraTech Cement
The tug of war between UltraTech and Dalmia Cement over who gets to buy Binani Cement has intensified even further this month.
UltraTech announces new bid for Binani Cement
UltraTech Cement announced its intention to take over Binani Cement on Monday, with an offer of INR72.66bn (US$1.11bn). The new offer follows Dalmia Cement's claim that its INR6...
Dalmia Bharat-led bid approved by lenders
Lenders to the bankrupt Binani Cement have decided that a a Dalmia Bharat-led bid would be allowed, thereby overruling the objections of UltraTech Cement. The offer fulfilled al...
UltraTech seeks clarity on Binani Cement bidding process
UltraTech has approached the National Company Law Tribunal (NCLT) in Kolkata, seeking clarity on the evaluation of bids for Binani Cement, according to India Info Online. Dalmia...
Dalmia Bharat wins bid for Binani
Dalmia Bharat Cement Ltd won the bid for Binani Cement on Tuesday, despite UltraTech Cement submitting an almost identical offer. The panel supervising the insolvency proceeding...