UltraTech agrees to acquire India Cements grinding facility
India’s leading cement producer, UltraTech Cement , has agreed to purchase a 1.1Mta grinding facility in Parli in Maharashtra for INR3.15bn (US$37.8m) from India Cements Limi...
Southern Asia
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Indian cement stocks boosted 3% due to increasing bag prices
Indian cement stocks have seen significant price increases, as major companies have imposed price hikes on bags of cement (averaging INR10-INR15 per bag). The five key pr...
Indian cement leaders will expand capacity by 42.1Mta in FY24-25
UltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider...