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 […]