Dalmia agrees to acquire 26% stake in Truere Surya
India-based Dalmia Bharat Group said that its subsidiary Dalmia Cement (Bharat) has entered into a share subscription and share holders agreement (SSSHA) to acquire a 26 per cen...
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India’s SEBI puts temporary stop on JSW Cement IPO
India’s Securities and Exchange Board (SEBI) has put a temporary halt on the initial public offering (IPO) of JSW Cement. The IPO included a new equity issuance and an offer for...
Adani Group to set up new cement grinding unit
Adani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art propella...
UltraTech secures US$500m sustainably-linked financing for FY27 expansion goal
UltraTech Cement , India's leading cement manufacturer, has unveiled an ambitious plan to expand its production capacity to over 200Mta by FY27. This strategic move is part of U...
Adani Group holding company sells US$500m stake in Ambuja Cements Ltd
Holderind Investments, an Adani Group -owned company, is selling US$500m worth of shares in Ambuja Cements Ltd , according to a Reuters report released on 22 August 2024. Holder...
Dalmia Bharat Ltd shares 1H24 results
Dalmia Bharat Ltd has shared its financial results for the first half of 2024, ended 30 June 2024. The installed cement capacity on this date was 45.6Mta. Sales volume saw a 6.2...
Indian Supreme Court ruling assigns duties to mining operations
On 14 August 2024, the Supreme Court of India issued a ruling allowing states to impose taxation and royalties on minerals separately from government duties. The ruling also all...
JSW Cement to launch IPO as it plans capacity expansion
On 16 August 2024, JSW Cement filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). According to the DRHP, JSW Cement plans to in...
Royalty issue on cement raw materials in Punjab landed in court
According to Topline Research, Punjab-based cement manufacturers have obtained a stay order from the court against the imposition of six per cent of ex-factory cement/clinker pr...
UltraTech chairman outlines company's growth
UltraTech 's Chairman, Kumar Mangalam Birla, summarised the progress of the company and its plans for future growth and development, at the company's 24th AGM. In April 2024 Ult...