UltraTech has bought a 23 percent stake in India Cements.
Suppressing any more offers for the top peninsular manufacturer, UltraTech Cement has acquired a 23% interest in India Cements for around Rs 19 billion, in what is becoming a fierce battle for control over capabilities in the highly regionalized and freight-intensive cement business. After China, the cement sector is the second biggest globally. According to […]
Read MoreDalmia Bharat to Invest Rs 207 Crore in Kadapa Plant Expansion
One of the top producers of cement in India, Dalmia Bharat, has announced a Rs 207 crore investment to increase the capacity of its Kadapa facility in Andhra Pradesh. With this investment, the plant’s overall capacity will be increased to produce one million metric tons (MT) of cement, meeting the region’s growing need for the […]
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