Construction Mirror Cement News

India Cements Enters Into Share Purchase Agreement for Acquiring Springway Mining...

India Cements Ltd said it has agreed to acquire Springway Mining at a total consideration of Rs 182.89 crore to set up a cement plant in Madhya Pradesh. “Our company has entered into a share purchase agreement on October 28 for acquiring the entire shareholding of Springway Mining Pvt Ltd, in a phased manner, at a total consideration of Rs 182.89 crore with an objective of setting up  ...

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  ...

Dalmia Bharat Appoints Former Lafarge India CEO Ujjwal Batria as Chief Operating Officer...

Dalmia Cement (Bharat) has appointed former Lafarge India CEO Ujjwal Batria as the chief operating officer who will be in charge of leading the company’s operations of sales & marketing, logistics, manufacturing, logistics, manufacturing and technical services departments. Batria, in his 33 years of building experience has also been associated with Tata Steel (Cement division), Centur  ...

Expecting of Domestic Cement Sector to Grow 6% in FY2019...

The domestic cement sector is expected to post a 6% growth in FY2019 with growth momentum likely to sustain though input costs like power, fuel and freight expenses are likely to put pressure on the operating profitability of cement companies in the coming quarters, ratings agency ICRA has said. Domestic cement production was higher by 6.3% at 298 million tonnes in FY2018, against 280 milli  ...

Anandrathi Expects 39% Upside in L&T with a Target of Rs 1,894...

Larsen and Toubro (LT) is India’s largest E&C company with interests in projects, infrastructure development, manufacturing, hydrocarbon, defence, IT & financial services. The company’s business is spread across national and international markets in over 30 countries. The company’s business engagement into core, high impact sectors of the economy and its integrated capabil  ...

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