Cement Industry

Three Adani portfolio companies - Adani Enterprises Ltd (AEL), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd - have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative.

Ambuja Cements Limited, part of the diversified Adani portfolio, announced its first venture in Bihar, marking the largest investment in the state by a cement industry player.

The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry

Ambuja Cements, an Adani group firm, today announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore.

Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week.

Shares of Sanghi Industries today jumped 5 per cent after Ambuja Cement announced the acquisition of a majority stake in the cement manufacturer at an enterprise value of Rs 5,000 crore.

Ambuja Cement, a part of Adani Group, today announced its acquisition of Sanghi Industries at an enterprise value of Rs 5,000 crore.

On-demand convenience platform Swiggy will acquire FMCG retail distribution firm Lynks Logistics Ltd (LYNK) from The Ramco Cements Ltd and Ramco Industries in share swap deals, the companies said on Thursday.

Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ending March 2023.

Among Sensex shares, Ultratech Cement, SBI, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Bank, L&T, Reliance Industries,Tech Mahindra, Wipro, Infosys and TCS were the major losers.

From the Sensex pack, Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata Motors, UltraTech Cement, Asian Paints, Reliance Industries, ITC, HDFC, HDFC Bank and Kotak Mahindra Bank were the prominent gainers.

"Drawing from the example of measures taken for the toy industry in India, better standards helped comply with international standards," the source said.

Adani Group has received regulatory approval for an almost 311.6 billion rupees ($3.9 billion) open offer to buy the remaining shares of two Indian cement makers

Eight core industries, which include coal, cement, electricity, refinery products, fertilizers, steel, and natural gas, recorded a growth of 12.7 per cent in June against 9.4 per cent in the same month last year, according to official data released on Friday.

Led by healthy growth in coal, crude oil, fertilisers, cement and electricity production, output of eight core industries grew to a 13-month high of 18.1 per cent in May this year, according to official data released on Thursday.

Three Adani portfolio companies - Adani Enterprises Ltd (AEL), Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd - have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative.

Ambuja Cements Limited, part of the diversified Adani portfolio, announced its first venture in Bihar, marking the largest investment in the state by a cement industry player.

The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry

Ambuja Cements, an Adani group firm, today announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore.

Adani group opened a USD 1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week.

Shares of Sanghi Industries today jumped 5 per cent after Ambuja Cement announced the acquisition of a majority stake in the cement manufacturer at an enterprise value of Rs 5,000 crore.

Ambuja Cement, a part of Adani Group, today announced its acquisition of Sanghi Industries at an enterprise value of Rs 5,000 crore.

On-demand convenience platform Swiggy will acquire FMCG retail distribution firm Lynks Logistics Ltd (LYNK) from The Ramco Cements Ltd and Ramco Industries in share swap deals, the companies said on Thursday.

Cement maker ACC Ltd on Thursday reported a decline of 40.53 per cent in its consolidated net profit at Rs 235.66 crore for the quarter ending March 2023.

Among Sensex shares, Ultratech Cement, SBI, IndusInd Bank, Axis Bank, HDFC Bank, Kotak Bank, L&T, Reliance Industries,Tech Mahindra, Wipro, Infosys and TCS were the major losers.

From the Sensex pack, Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata Motors, UltraTech Cement, Asian Paints, Reliance Industries, ITC, HDFC, HDFC Bank and Kotak Mahindra Bank were the prominent gainers.

"Drawing from the example of measures taken for the toy industry in India, better standards helped comply with international standards," the source said.

Adani Group has received regulatory approval for an almost 311.6 billion rupees ($3.9 billion) open offer to buy the remaining shares of two Indian cement makers

Eight core industries, which include coal, cement, electricity, refinery products, fertilizers, steel, and natural gas, recorded a growth of 12.7 per cent in June against 9.4 per cent in the same month last year, according to official data released on Friday.

Led by healthy growth in coal, crude oil, fertilisers, cement and electricity production, output of eight core industries grew to a 13-month high of 18.1 per cent in May this year, according to official data released on Thursday.