Construction Mirror Cement News

Blackstone, Temasek in Talks to Acquire 15-20% Wonder Cement Stake...

Private equity investors Blackstone Group and Temasek Holdings are in separate discussions to acquire 15-20% in Wonder Cement, part of Rajasthan-based RK Group, for Rs 1,000 crore. Wonder Cement is one of the largest cement makers in north-western India. The deal is expected to value the company at $800-$900 million (Rs 6,000-6,600 crore). Investment bank JP Morgan has been hired to run the  ...

Ultratech Gets CCI Nod to Acquire Century Cement Business...

Aditya Birla Group firm UltraTech said it has received an approval from the fair trade regulator Competition Commission for the acquisition of the cement business of Century Textiles and Industries. The company said the CCI has given its approval for the share swap deal between the companies, Ultratech said in a regulatory filing. On May 20, UltraTech said it would acquire the cement busine  ...

French Cement Company Vicat Plans to Invest Rs 1,735 cr...

French cement maker Vicat Group, which entered India a decade ago, is seeking to raise its capacity by more than 50% in three years, but would not chase volumes to enhance its shelf-space presence in the world’s second-biggest market for the building material. The Indian arm of the 2.5-billion euros Vicat Group has outlined an investment of €223 million (Rs 1,735 crore) over the  ...

Ultratech Gets CCI Approval to Acquire Century Cement Business...

Aditya Birla Group firm UltraTech said it has received an approval from the fair trade regulator Competition Commission for the acquisition of the cement business of Century Textiles and Industries. The company said the CCI has given its approval for the share swap deal between the companies, Ultratech said in a regulatory filing. On May 20, UltraTech said it would acquire the cement busine  ...

NHAI will Work on 20 Roads Projects for Rs 8,200 crore...

The National Highways Authority of India (NHAI) will buyback 20 National Highway and another 19 state highway projects totalling about 3,160 kilometers which are managed by private players. The projects that have been identified include the much-delayed Muzaffarnagar-Haridwar and Ambala-Chandigarh stretches in north India and Tada-Nallore highway in Andhra Pradesh and Salem-Namakkal in Tami  ...

GPTSEL-CCCL JV Wins Rs 245-crore Contract for a Rail Line Project...

Infrastructure company GPT Infraprojects said its joint venture has won a Rs 245.33-crore project for construction of a rail line related to a nuclear power plant in Bangladesh. In the GPTSEL-CCCL JV, the company said its share is Rs 83.41 crore. “GPT Infraprojects Limited (GPT) is pleased to announce that the company has bagged an order valued at Rs 245.33 crore (BDT 297.56 Crore), o  ...

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