New leadership for India Cements, UltraTech appoints new …
India Cements Ltd announces new leadership with appointments of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO. Following UltraTech's increased shareholding to 55.49%, former management, including N Srinivasan, steps down. This move signals consolidation and rivalry in the Indian cement industry between Aditya Birla Group and Adani …
UltraTech to buy 23% stake in India Cements for Rs 1,885 …
UltraTech Cement approved acquiring a 23% stake in India Cements for Rs 1,885 crore at Rs 267 per share, describing it as a financial investment. The deal, which has been described as a "financial investment" by the Aditya Birla Group company, would be done in cash payment. UltraTech's stock surged 6% to Rs 11,811, and India Cements rose 12.5% to Rs …
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India's UltraTech Cement to buy 23% stake in India Cements …
UltraTech Cement NSE:ULTRACEMCO, India's top cement producer by capacity, said on Thursday that it will buy a 23% stake in India Cements NSE:INDIACEM for up to 267 rupees per share.
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As of 2025, the approximate price range of cement per 50 kg bag in India is between Rs. 300 to Rs. 400. However, it is important to note that prices can fluctuate based on changes in supply …
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India Cements shares jump 11% as CCI clears acquisition by …
In a similar trend, UltraTech Cement soared as much as 1.4% to ₹11,585.40 during the session today. The fair trade regulator on December 20 gave nod to UltraTech's acquisition of 32.72% shares in India Cements from the promoter entities at ₹390 a share and another 26% by way of an open offer.
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There are various types of cement available, each designed for specific purposes, such as ordinary Portland cement (OPC), Portland pozzolana cement (PPC), and white cement. Choosing the right type of cement is essential based on the construction requirements. Top 10 Cement Brands in India 2024 UltraTech Cement
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Data as of 2024. 5 Best Cement Share In India 2025. Ultratech Cement Ltd. Established in 1983, Ultratech Cement Ltd. is India's top cement stock with a consolidated capacity of 156.06 million tonnes per annum. The company commands an unassailable domestic market share of more than 80% with an extensive network of more than 1 lakh channel …
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UltraTech's India Cement buy gets CCI nod
The Competition Commission of India has approved UltraTech Cement's proposed acquisition of South-based India Cements, it said in a release on Friday. UltraTech is the largest producer of cement in the country. After acquiring a 23% non-controlling financial stake in India Cements in June, UltraTech acquired around 33% stake in the company in July and will also …
UltraTech Cement: UltraTech to acquire India …
NEW DELHI: Aditya Birla Group flagship company UltraTech Cement will acquire a 32.72 per cent stake in India Cements from promoters and their associates for Rs 3,954 crore to expand its footprint in the highly …
Ambuja Cements seeks CCI approval to acquire majority …
Parth Jindal, Vice President, Cement Manufacturers' Association (CMA) and Managing Director, JSW Cement Limited, said, "The Budget presented by Finance Minister Smt. Nirmala Sitharaman is a forward-looking roadmap that will play a pivotal role in shaping the future of India's cement industry, in line with the country's vision for a ...
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UltraTech Cement Limited acquires The India Cements Limited
December 25, 2024: UltraTech Cement Limited has communicated to the stock exchanges on 24 th December 2024 that the Company has completed acquisition of 10,13,91,231 equity shares representing 32.72% of the equity share capital of The India Cements Limited ("ICEM"), in accordance with Regulation 22(2) of the Securities and Exchange Board of India (Substantial …
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UltraTech Cement is widely considered the best cement in India due to its quality, strength, and reliability. Which cement is best for roof construction? ACC Cement and Ramco …
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- Looking to sell a non-operational cement factory. - The bank valuation is INR 264 crore. - Since this is a non-performing asset, the owners are selling for INR 130 crore. - The cement has a daily manufacturing capacity of 450 TPD with the potential to add an additional 550 TPD. - A 13 MW power plant is also included in the sale (80% of construction completed). - The transaction …
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It was established in 1946 by S. N. N. Sankaralinga Iyer and the first plant was set up at Thalaiyuthu in Tamil Nadu in 1949. It has seven integrated cement plants in Tamil Nadu, Telangana and Andhra Pradesh, one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra with a capacity of 15.6 million …
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UltraTech Cement acquires 23% stake in India Cements for …
In September 2023, India Cements sold 73.75 acres of land at Kantakapalle and Chinnipalem villages in Vizianagaram district of Andhra Pradesh valued at Rs 70 crore to UltraTech Cement. In October 2022, India Cements sold its entire shareholding held by it in Springway Mining Pvt Ltd (SMPL), for a consideration of Rs 476.87 crore to JSW Cement.
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UltraTech shares timeline for India Cements open offer
UltraTech Cements Ltd., India's largest cement company informed the exchanges on Friday that its Open Offer to acquire another 6.7% stake in India Cements will open on …
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Here is a list of the top 10 best-quality and most-used cement brands for construction in India, including the latest price updates for each brand.
Will Heidelberg Materials sell up in India?
Germany-based Heidelberg Materials operates four main subsidiaries in India: Gulbarga Cement; HC Trading (India); HCI; and Zuari Cement. HCI and Zuari Cement are the main two in terms of cement production. Heidelberg Materials entered the market in 2006 via a number of purchases and a joint-venture.