NCLT approves merger of Penna Cement into Ambuja Cements
India’s National Company Law Tribunal (NCLT) Ahmedabad bench has approved the merger of Penna Cement Industries Ltd into Ambuja Cements Ltd , part of the Adani Group. Under the ...
Penna Cement Industries
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Cochin Port opens fourth terminal
A new cement terminal has entered operation on a 1.14ha plot at Ernakulam Wharf, Kerala, India. The Cochin Port Trust launched the port’s fourth terminal, which is expected to h...
Penna Cement secures approval for IPO
India’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s propose...
Penna Cement enters freight LTTC with South Central Railway
India-based Penna Cement Industries signed a long-term tariff contract (LTTC) with South Central Railway (SCR) to transport freight at a fixed rate. The five-year scheme will pr...