Adani Group updates expansion plans following SIL acquisition
The Adani Group has provided an update on its plans following the announcement of its acquisition of a majority stake in Sanghi Industries Ltd (SIL). According to The Telegraph,...
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Dalmia Cement (Bharat) Ltd orders Gebr Pfeiffer VRMs
Dalmia Cement (Bharat) Ltd has ordered one MVR 3750 C-4 each for two cement grinding plants, one in Ariyalur and one in Kadapa , India. The mills will produce ordinary Portland ...
UltraTech Cement invests in wind power company
UltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per cen...
Prism Johnson turns a profit in June quarter
India-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit aft...
Orient Cement reports profit dip in June quarter
Orient Cement Ltd , part of the CK Birla Group , has reported revenue from operations of INR8251.8m (US$99.8m) in the quarter ended 30 June 2023, up from INR7139.3m in the same ...
Ambuja Cements to acquire Sanghi Industries
Ambuja Cements , part of the Adani Group , has agreed to acquire a majority stake in Sanghi Industries , reports Reuters News. According to sources close to the transaction, the...
UltraTech commissions 1.2Mta Magdella expansion
UltraTech Cement has commissioned its 1.2Mta brownfield capacity expansion at Magdella , Gujarat. The project takes the plant’s total cement capacity to 1.93Mta. According to th...
Shree Cement starts commercial production at Purulia
Shree Cement Ltd has commenced commercial production at its clinker grinding unit in the Purulia district of West Bengal with a cement capacity of 3Mta. According to the company...
Shree Cement 1QFY23-24 profits jumps INR5723m
Shree Cement ’s first quarter profit for the FY23-24 rose to INR5723m (US$69.7m), up 104.8 per cent in comparison to INR2795m during the corresponding quarter of last year. It p...
Orient Cement enters agreement to acquire stake in Ardeur Renewables
India-based Orient Cement has entered into a share subscription and shareholders’ agreement with Ardeur Renewables and Cleantech Solar India on 21 July 2023 for the acquisition ...