Adani Group to double cement production capacity
The Adani Group plans to double its cement production capacity over the next five years, according to Gautam Adani, group chairman. Speaking at an event in Mumbai to mark the cl...
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Ambuja Cements welcomes new CEO and CFO
Ambuja Cements Ltd has announced a number of managerial appointments. Effective from 17 September 2022, Ajay Kapur is the company’s new chief executive officer (CEO) and whole-t...
Holcim closes sale of India business
Holcim has closed the sale of its business in India to the Adani Group. The deal includes Holcim’s stake in Ambuja Cement at a share price of INR385 (US$4.82) and in ACC at a sh...
Gujarat Sidhee Cement temporarily suspends clinker unit
The clinker unit at Gujarat Sidhee Cement Ltd’ s plant in Sidheegram , Gujarat, Inda, will be temporarily shutdown. The stoppage began on 11 September 2022 and will last for 20 ...
Adani plans management shake-up following takeover
Gautam Adani, his son Karan and his nephew Pranav, are expected to join the management boards of ACC Ltd and Ambuja Cements . As part of an overhaul of the top management of bot...
Indian cement prices forecast to rise
Cement companies in eastern India are expected to raise their cement prices in mid-September, according to the Financial Express. Other regions across the country are forecast t...
KHD secures biggest UltraTech order to date
KHD Humboldt India Pvt Ltd has won a major new order from UltraTech Cement ( Aditya Bila Group ). The package of contracts comprises two complete pyro-processing lines and eight...
The Ramco Cements Ltd scoops award for Alathiyur plant
The Ramco Cements Ltd has announced that its Alathiyur plant has been awarded “Gold Medal” in the India Green Manufacturing Challenge 2021-22 by The International Research Insti...
Adani Group scouts for M&A chief
The Adani Group is looking to recruit a new chief of mergers and acquisitions, replacing Vinod Bahety, who is moving to a new role within the company. According to Financial Exp...
Morgan Stanley invests in ACC
Morgan Stanley has bought a stake in Indian cement producer ACC Ltd. According to Mint, Morgan Stanley Asia (Singapore) has purchased 941,557 ACC shares at INR2290 each, marking...