JK Cement Plans to Raise Rs 5 Billion Through NCDs
The stock price of JK Cement increased 2.24% to Rs 5,063.90 following the firm disclosing its strategy to raise Rs 5 billion (approximately $60 million) through issuing non-convertible debentures (NCDs) to private financiers. The company’s board is to discuss this strategy at a meeting on 24 May 2025. Should the strategy get the approval of […]
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JK Cement may raise money and give final dividend soon
JK Cement, which is a large cement firm in India, will hold its board meeting on May 24, 2025. During this meeting, they will make a decision whether they will raise ₹500 crore by issuing non-convertible debentures (a means of taking loan). If the board gives their approval, they will request shareholders for their approvals […]
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APEDA and Arunachal Government Host International Conclave to Boost Farm Exports
The Agricultural and Processed Food Products Export Development Authority (APEDA) and the Government of Arunachal Pradesh organized an International Conclave and Buyer-Seller Meet at Kalawangpo Convention Hall in Tawang. The conference was to promote the export of agricultural and processed food products of the North Eastern Region (NER). Chief Minister Pema Khandu addressed the function […]
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Otis India to Install 65 Elevators for Patna’s First Metro Project
Otis India, which is owned by Otis Worldwide, has secured a contract to install 65 state-of-the-art elevators in the Patna Metro. These elevators will be manufactured at their Bengaluru factory. This is the first metro project in Bihar. Otis India will facilitate better public transport in Patna by making it simpler and safer for individuals […]
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Century Real Estate Plans Over Rs 9,000 Crore in New Projects for FY26 After Strong FY25 Performance
Century Real Estate has announced plans to launch more than 10 new projects in the financial year 2025–26 (FY26), with a total estimated Gross Development Value (GDV) of over Rs 9,000 crore. This follows a highly successful year in FY2024–25 (FY25), where the company recorded sales of more than Rs 1,800 crore. The company’s luxury […]
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Nuvoco Becomes 5th Largest Cement Producer in India After Acquiring Vadraj Cement
Nuvoco Vistas Corporation has become the 5th largest cement company in India after acquiring Vadraj Cement. The National Company Law Tribunal (NCLT) in Mumbai has approved the deal for Rs 18 billion. Nuvoco will buy Vadraj Cement through its subsidiary Vanya Corporation which will later merge with Vadraj. Vadraj Cement based in Gujarat was bought […]
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Andhra Pradesh Approves Rs 1.35 Trillion Steel Project and Key Development Plans
AP Government approves big plans for industry and tourism. The biggest plan is to allow ArcelorMittal Nippon Steel India to set up a massive steel plant worth Rs 1.35 trillion in Anakapalli district. The project will be in two phases: The government also approved plans to develop new ports and fishing harbors along the coast […]
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UltraTech Cement to Buy Wonder WallCare for Rs 2.35 Billion
UltraTech Cement, part of the Aditya Birla Group, announced on April 3 that it will buy Wonder WallCare for Rs 2.35 billion. This means UltraTech will own 100% of the company. They signed an agreement with Wonder WallCare’s current owners, and the deal will be completed in about 90 days after getting the necessary approvals. […]
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Shree Cement Launches 3 MTPA Grinding Unit in Etah, UP
Shree Cement has gone live with its 3 MTPA grinding unit in Etah, Uttar Pradesh. This is one of the largest in the region and a big boost to the state’s infrastructure. The project has been fully funded through internal resources and is expected to create over 500 direct and indirect jobs. Located near railway […]
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Niraj Cement JV Wins Rs 1.15 Billion Contract from NHAI
Niraj Cement Structurals’ share price surged 1.81% to Rs 55.13 after the company announced a major coup: its joint venture, Niraj-SPPL JV, had won a massive construction contract worth Rs 1.15 billion from the National Highway Authority of India (NHAI). That news broke after market hours on March 28, 2025. The contract is for building […]
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